Four of Canada's biggest lenders said on Friday they were withdrawing from a global banking sector climate coalition, joining six major U.S. banks.
Bank of Canada Needs Clearer Guidance When Deploying QE
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The Bank of Canada’s policy rate currently sits at 3.25 per cent, after two consecutive half point cuts in October and December of last year. The rate now sits at the upper band of the central bank’s neutral range, with economists predicting it will have more room to fall to below two per cent, if Trump follows through on his tariff threats.
Canada's main stock index posted its biggest decline in over three weeks on Friday as rising prospects that the Federal Reserve would pause its interest-rate cutting cycle encouraged investors to take some profits after strong gains for the market in 2024.
The Canadian dollar, known as the loonie after the bird that graces it, got its wings clipped in 2024. Growing domestic political turmoil — Justin Trudeau announced on Monday that he would step down as prime minister and leader of the Liberal party — and the threat of new tariffs from the incoming Trump administration will keep it caged in 2025.
Before you get too excited, it’s not because they believe the loonie is headed for a rebound. Quite the contrary, RBC expects the Canadian dollar to fade further to 68.96 cents U.S. by the second quarter as the gap between the two central banks widens. (It was trading at 69.33 cents U.S. this morning).
Fed chief Jerome Powell has said "policy uncertainty" under Donald Trump clouds the Federal Reserve rate outlook.
First Nations leaders are urging Canada to reconsider its decision not to renew national negotiations on a $47.8-billion proposal to reform the on-reserve ... said the federal Liberals need ...
Mark Carney, the first non-Brit to run the Bank of England since it was founded in 1694 and the former head of Canada’s central bank, says he is entering the race to be Canada’s next prime minister fo
As Trump is set to take office, he'll be inheriting a troublesome housing market where affordability continues to erode for millions of Americans.