Reported about 10 hours ago
The Bank of Canada is likely to reduce interest rates more drastically as US tariffs cause global market upheaval and Canadian job losses rise, with recent data indicating a loss of 62,000 full-time positions in March alone. While forecasts suggest a potential drop in the policy rate from 2.75% to 2%, inflation concerns arising from the ongoing trade war may restrict the extent of these cuts. As market confidence wanes, the Canadian government seeks to manage retaliatory measures against US tariffs while the central bank prepares for potential challenges in an uncertain economic landscape.
Source: YAHOO