BoC should have cut rates as economy moves toward recession: David Rosenberg

David Rosenberg: Tiff Macklem is looking like a deer caught in the headlights

David Rosenberg: The Bank of Canada chose not to cut rates, but this is a “dovish hold” when you sift through the statement. Find out more

BoC should have cut rates as economy moves toward recession: David Rosenberg

One prominent Bay Street economist says the Bank of Canada should have cut interest rates this week to stimulate an economy that he sees as heading towards a recession.

Smart Credit Card Moves to Make in a Recession - Metro Parent

We’re not in a recession (as of this writing, at least), but that doesn’t mean people aren’t stressed. A NerdWallet survey found that 85% of Americans have concerns about tariffs, with 45% worrying that tariffs will result in a recession. Experts aren’t too far behind in their fears. In early April, for example, J.P. Morgan Research raised their probability of a recession in 2025 to 60%, up from 40% at the beginning of 2024. “There’s a lot of wo…