US EditionBank of Canada to make interest rate decision as trade uncertainty swirls
OTTAWA, CANADA, JUL 30 – The Bank of Canada holds interest rate at 2.75% as economists cite a strong jobs report and await clearer impact of US trade tariffs on inflation and growth.
- The interest rate announcement from Canada’s central bank is scheduled for this morning in Ottawa amid persistent economic uncertainty.
- This decision comes after June's job figures exceeded expectations and core inflation remained persistently high, all while ongoing trade disputes between the U.S. and Canada continue to influence the economic outlook.
- The bank has paused rate cuts at its last two meetings and plans to release a new monetary policy report including scenarios assessing tariff impacts.
- Economists widely expect the policy rate to remain steady at 2.75 per cent as the bank awaits clearer guidance on inflation and trade risks.
- The rate decision and updated outlook will provide insight into recession readiness and the economy's path amid internal trade agreements and tariff challenges.
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24heures.caOntario Premier Doug Ford criticises the Bank of Canada on Wednesday's decision to maintain the policy rate at 2.75%.
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The next moment of anticipation in Canada’s financial sector will come on September 17 when the Bank of Canada decides on its interest rates. On the same day, the U.S. Federal Reserve will reveal its updated interest rate, with a press briefing by Fed Chairman Jerome Powell following soon after at 2:30 p.m ET. Expectations are rife that the federal funds rate target will be steadfast within the bandwidth of 4.25 per cent and 4.5 per cent. Meanwh…
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Inside HaltonDoug Ford ‘shocked’ by Bank of Canada interest rate announcement
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