Bank of Canada held today, no surprise. The bigger message is that they are preparing us for either direction. Cuts still make sense economically. Growth, jobs, manufacturing, housing is soft. And the US Fed still looks more likely to lower rates eventually than raise them. But oil is the problem. The BoC can look through […]

Bank of Canada meet today, and no surprise: maintains the rate. Uncertainty remains the story: >”outlook is vulnerable to unpredictable US trade policies and geopolitical risks.” >” uncertainty is heightened and we are monitoring risks closely. If the outlook changes, we are prepared to respond.” >A key source of uncertainty is the upcoming review of […]

Bank of Canada meeting today, no surprise: maintains the rate. US Fed is expected to follow through with the market’s expectation of a 6th rate cut (vs Canada already 9 cuts, from the start of the easing cycle). BoC continues to say we’re now “about the right level” and “uncertainty remains elevated” Despite recent jobs […]

Bank of Canada cuts rate by 0.25%. US Fed followed suite same afternoon. BoC says we’re now “about the right level”, suggesting this status quo for now. Highlights from the announcement: >Global financial conditions have eased since July >CAD dollar has weakened slightly against USD >Exports are down and business investment remains weak >The labour […]

Both the BoC and the Fed cut rates by 0.25% this week. My assessment : In Canada, the move reflected a weakening economy: GDP, exports, investment, jobs, wages all softer. Markets expect at least one, possibly two, more cuts this year. For housing, this may draw some sidelined buyers back into the market, simply because […]

Bank of Canada (BoC) continued to holds its rate today. Just dropped another classic “if-this-then-that” update.  They’re not giving base-case projections anymore, just two trade war scenarios.  Translation? They’re hedging. Buried in the jargon:  > Unemployment’s creeping up  > Wage growth is slowing > Inflation (outside of shelter) is cooling > Excess supply is rising […]

Bank of Canada (BoC) holds its rate today. Theme is clear: “uncertainty remains high”. But this time, there was consensus to hold — more data needed. We’re entering less forward-guided territory. Governing Council now split. Some see a need for rate cuts if the economy weakens. Recent data: housing slowed, government spending down, labour market […]

Bank of Canada (BoC) holds rates steady today. Acknowledges it cannot resolve trade uncertainty or mitigate effects of a trade war. Focus remains on maintaining price stability. >Tone: Dominated by rising tariffs, uncertainty, and extreme market volatility. >Canada: Economy slowing; employment down; wage growth softening. >US: Signs of slowing growth; inflation expectations climbing. >BoC outlook: […]

As expected, the Bank of Canada (BoC) drops its rate by another 0.25% today—but it admits it can’t fix the impact of the trade war. > Tone of the announcement: In their own words: “more-than-usual uncertainty.” > Consumer confidence is plunging > business slowdown, investment cancellations.An > Housing: Past rate cuts boosted activity, but shelter […]