US EditionBank of Canada weighed June rate cut — but trade uncertainty kept it on hold
- Members of the Bank of Canada governing council were concerned about underlying inflationary pressures due to trade disruption, as shown in meeting minutes.
- The central bank chose to keep its key benchmark rate at 2.75% to monitor the impact of U.S. tariffs, as the meeting notes indicated.
- The biggest threat to the Canadian economy identified was the trade conflict initiated by the United States, as stated by the governing council.
- Trade uncertainty and signs of persistent inflation influenced the Bank of Canada to maintain the current policy rate, according to decisionmakers' reports.
31 Articles
31 Articles
Bank of Canada governing council is concerned inflation could persist for longer
Members of the Bank of Canada governing council were concerned that underlying inflationary pressures led by trade disruption and uncertainty could persist for a long time, minutes of the meeting showed on Tuesday.
New meeting reports show that the Bank of Canada's key decision makers were considering a fall in interest rates earlier this month, but that they did not seem to know enough about the evolution of the tariff dispute with the United States to take action.
Winnipeg Free Press
Bank of Canada weighed June rate cut — but trade uncertainty kept it on hold
Breaking News, Sports, Manitoba, Canada
Market Open: TSX futures up despite trade uncertainty
TSX futures bounced back on Wednesday morning, though only tentatively, mulling tensions in the Middle East while holding out hope for a U.S.-Canada trade deal within 30 days, a consensus hold on interest rates from the U.S. federal reserve expected later today, and their potentially positive effects on global markets. Market Numbers (Futures) TSX: Up (0.3%) 26,621.01. TSXV: Down (0.35%), 722.84. DOW: Up (0.01%), 42,233. NASDAQ: Up (0.19%), 21,…
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- 69% of the sources lean Left
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