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What Trump’s election could mean for interest rates in Canada

  • Donald Trump's election victory could result in higher inflation in the U.S., affecting Canadian interest rates, as noted in a TD report.
  • Sheila Block stated that increased tariffs will raise inflation in the U.S., which has repercussions for Canada.
  • Brian Madden explained that a strong U.S. economy limits the Fed's ability to cut rates, impacting the Bank of Canada's decisions.
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As expected, the US Federal Reserve is lowering interest rates following Donald Trump's election victory. The Fed's policy retention and continuation ultimately helped him to be re-elected.

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What Trump's election could mean for interest rates in Canada

Experts say Donald Trump’s election victory could shift interest rate policy in the U.S. as his promised policies risk higher inflation, which could ultimately have implications for Canadian rates and the loonie.

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The Business Journals broke the news in United States on Thursday, November 7, 2024.
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