The Bank of Canada lowered its key interest rate once again on Wednesday, cutting it by 25 basis points to stand at three per cent. The quarter-point drop is smaller than what the central bank delivered in its previous two interest rate decisions, where it cut the rate by 50 basis points each time. Bank…
Metro is in “wait and see” mode ahead of potential tariffs from new U.S. President Donald Trump, and is keeping an eye on the weakening loonie at a time of year when Canada relies most on its southern neighbour for fresh food, said chief executive Eric La Flèche. “The dollar is the big worry,” La…
The Bank of Canada is being pulled in a few different directions ahead of its first interest rate decision of the year on Wednesday. On one hand, there are signs of trouble bubbling up in underlying inflation that could make an argument for keeping borrowing costs higher for longer. On the other: fears of a…
United States President Donald Trump’s tariff threats are not going away. Before and after assuming office in his second term, Trump has threatened to levy blanket tariffs of 25 per cent on all goods entering the U.S. from Canada and Mexico, in addition to targeting Chinese exports. He’s given a variety of reasons to justify…
U.S. President Donald Trump’s threats to impose tariffs on imports from China could send shockwaves through global supply chains that experts warn could raise prices on everything from big-ticket household goods to dollar store purchases in Canada. Since Trump’s re-election in November, Canadian officials have been largely focused on a response to his threats to impose…
