November has been an eventful month for Canada’s economy, with a new federal budget from Prime Minister Mark Carney and another interest rate cut by the Bank of Canada. Both moves are aimed at stimulating growth, but they’ve also raised questions about whether the country is striking the right balance between spending and stability. Carney’s first budget includes
Analysts say tariffs are coming, but the details will hold crucial clues for investors. There is a growing likelihood that U.S. President Donald Trump will introduce a 25% tariff on Canadian goods, set to take effect on Feb. 1. Experts caution that this could have a significant impact on trade-sensitive industries, though the auto and
The Bank of Canada has implemented its third consecutive rate cut, reducing its key interest rate to 4.25% on Wednesday, citing the ongoing easing of inflation. While the move was largely expected by economists, the gradual pace of these cuts has raised questions about when the central bank might take more significant action. “If we
Canada’s annual inflation rate dropped to a 40-month low of 2.5% in July, aligning with forecasts, while core inflation measures also eased, according to data released on Tuesday. This development supports expectations that the Bank of Canada may cut interest rates again in September. Analysts surveyed by Reuters had predicted a decrease in inflation to
The unemployment rate in Canada rose to 6.1% in March as more individuals entered the job market and job growth stalled. This development solidifies expectations of a potential interest rate cut in June. According to Statistics Canada’s labour force survey released on Friday, the jobless rate has increased from 5.8% in February to 6.1% in
A surprising surge in job numbers in the United States has altered the trajectory of currency movements for the current year. After interest rates were raised to their highest level in 23 years, US inflation, which had persistently exceeded the Federal Reserve’s target rate for three years, was finally showing signs of decline. In 2021,