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 […]

Bank of Canada (BoC) drops their rate by another 0.25%. It also announced the end of quantitative tightening and will gradually restart asset purchases.  This is telling. It’s a quiet signal that they’re wary of economic weakness, trade risks, and drifting further from the US Fed. The Canadian dollar has depreciated materially against the US […]

Bank of Canada (BoC) drops their rate by another 0.5%. Canadian dollar has depreciated in the face of broad-based strength in the US dollar. The recent unemployment rate rose, as employment continued to grow more slowly than the labour force. Wage growth showed some signs of easing, but remains elevated relative to productivity. The upward […]

Bank of Canada (BoC) drops their rate by 0.5%, ‘to support economic growth’.    Consumption has continued to grow but is declining on a per person basis. The labour market remains soft. Population growth has continued to expand the labour force while hiring has been modest. Wage growth remains elevated relative to productivity growth. Overall, the […]