economy Archives - Mortgage Rates & Mortgage Broker News in Canada

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Trump confirms tariffs on Canada and Mexico set for March 4

February 27, 2025 No Comments

President Donald Trump has officially confirmed that tariffs on Canadian and Mexican imports will go into effect on March 4, 2025, following his comments earlier this week suggesting a delay.

Former Bank of Canada Governor Stephen Poloz

Former BoC governor Poloz warns Canada’s economy is ill-prepared for potential U.S. tariffs

February 5, 2025 No Comments

Canada’s economy is in a fragile state and ill-equipped to handle the potential economic shock of new U.S. import tariffs, warns former Bank of Canada governor Stephen Poloz.

Tiff Macklem, governor of the Bank of Canada, and Carolyn Rogers, senior deputy governor of the Bank of Canada

Bank of Canada deliberations reveal ‘close call’ on 50-bps rate cut

December 24, 2024 No Comments

The Bank of Canada’s Governing Council faced a “close call” when deciding to proceed with December’s 50-basis-point rate cut, according to its latest summary of deliberations.

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

February 9, 2024 2 Comments

Today’s employment report for January, in which the unemployment rate ticked down, has caused bond markets and economist to further reel-in their rate-cut forecasts for the year.

economy

Canada’s GDP contracts in February, with more headwinds ahead

Trump confirms tariffs on Canada and Mexico set for March 4

Former BoC governor Poloz warns Canada’s economy is ill-prepared for potential U.S. tariffs

Bank of Canada deliberations reveal ‘close call’ on 50-bps rate cut

2024 rate-cut forecasts being revised following today’s mixed-bag jobs report

Topics

Search