Governor Tiff Macklem has successfully wrestled down one of the worst inflationary crises in the Bank of Canada’s history, putting his nation on track for a soft landing. US President-elect Donald Trump may dismantle all that with a stroke of a pen.
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.
Chief economists at five of Canada’s largest banks say Trump’s belligerence opens a window to address long-standing Canadian problems, such as interprovincial trade barriers and regulatory environment
Bank of Canada Needs Clearer Guidance When Deploying QE
The ClearBridge Canadian Small Cap Strategy meaningfully outperformed its benchmark in the fourth quarter. Read more here.
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).
Officials are deeply worried that the incoming president's policies on immigration and trade will cause inflation to rise.
Investor eyes stay lazer sharp on key employment numbers from Canada and the US. This will give strong insight into the countries rate futures causing Canada’s main stock index to stand still this morning.
Canada has told the Assembly of First Nations that Ottawa has no mandate to negotiate nationally after chiefs rejected a $47.8-billion offer to reform the on-reserve child welfare system long term, CBC Indigenous has learned.