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 […]

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 […]