The Bank of Canada implemented a widely expected 25-bps rate cut, lowering its benchmark rate to 2.75%. The cautious messaging that accompanied the decision was unsurprising, as markets remain focused on Trump and the escalating trade war. Ontario Premier Doug Ford is in Washington today at the invitation of Howard Lutnik, following his decision to
The Bank of Canada has lowered its policy rate by 25 basis points to 2.75% as trade tensions between Canada and the U.S. intensify. Overnight, the U.S. imposed a 25% tariff on all Canadian steel and aluminum imports—industries that generated nearly $40 billion in exports last year. Further trade restrictions are anticipated on April 2,
A declining Canadian dollar is driving more consumers to support locally made products as they look for ways to make their weakening currency go further, according to a new survey. A Bank survey released Thursday revealed that 68% of Canadians see the weaker dollar as a threat to their personal finances in 2025. In response,
As 2025 begins, many Canadians are wondering whether interest rates will continue to fall. The Bank of Canada (BoC) has already reduced its benchmark interest rate several times in recent months, bringing it to 4.25% as of late 2024. These decisions were made to stimulate the economy amid signs of slowing growth. But will the
The Canadian dollar (CAD) has started 2025 on a challenging note, continuing a downward trend that began in late 2024. As of January 3, the CAD is at its lowest point against the U.S. dollar (USD) in nearly five years. Several economic and geopolitical factors that unfolded in 2024 and persist into the new year
The months preceding an election frequently see heightened volatility in foreign exchange (FX) markets, but the turbulence often continues well beyond election day. Interestingly, market fluctuations tend to persist through the post-election period, right up until inauguration day. This transition phase, between the appointment of a president-elect and their official swearing-in, can have a notable
The Canadian dollar is currently under significant pressure, with recent economic conditions and rate changes contributing to its weakened position against the U.S. dollar. The Canadian dollar continued its slide overnight but has shown a slight rebound in early New York trading. Much of the currency’s recent weakness stems from U.S. President Donald Trump’s “America
When comparing the price of the dollar and real estate over the past decade, we observe a significant increase in both markets. To get a closer look at these two markets, let’s consider a real example. In 2011, a residential property in a prime, luxury area of Tehran was sold for 10 million tomans per
What impact does Canada’s central bank have on gas prices? According to an industry expert, the larger rate cut announced by the Bank of Canada on Wednesday could lead to an increase in gas prices. “The drop in interest rates may sound like good news, but it will likely boost demand for gas as more
The USD/CAD exchange rate, which reflects the value of the US dollar against the Canadian dollar, is influenced by a variety of economic factors and geopolitical events. This article will explore the forecast for the USD/CAD exchange rate from September 2024 to December 2025, analyzing trends, key indicators, and potential scenarios that could impact the