Another 0.25% rate drop today, but BoC admits it can’t fix trade war impact
Posted by: Aneta Zimnicki
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 […]
Read More