Skip to Main content

6.27°^C Vancouver

News Entertainment Videos Shows Podcast Contact Us

Ads

Jan 27, 2025 5:56 PM - Connect Newsroom

Bank of Canada Poised to Cut Interest Rates Amid Economic Uncertainty

Share On

bank-of-canada-poised-to-cut-interest-rates-amid-economic-uncertainty

Deputy Governor Toni Gravelle recently stated at an event in Toronto that the tariff dispute could significantly impact the economy and inflation, creating a challenging environment for the central bank.

The Bank of Canada is expected to lower interest rates this week as it braces for potential economic fallout from a trade war with the United States, which could trigger a recession and drive up consumer prices.

Deputy Governor Toni Gravelle recently stated at an event in Toronto that the tariff dispute could significantly impact the economy and inflation, creating a challenging environment for the central bank.

Analysts predict the Bank of Canada will prioritize economic growth, investment, and the risk of job losses in its rate decision on Wednesday. A further interest rate reduction of 0.25 percentage points is anticipated.

Despite market expectations, experts caution that the Governing Council, led by Governor Tiff Macklem, faces tough choices in determining the best course of action this week.

Latest news

prime-minister-mark-carneys-government-ends-consumer-carbon-price-on-his-first-day-in-office

FeaturedMar 15, 2025

Prime Minister Mark Carney Ends Consumer Carbon Price on His First Day in Office

Prime Minister Mark Carney’s first action after assuming office on Friday was to abolish the consumer carbon price, reversing Justin Trudeau’s flagship climate policy. Carney spoke to the media following a cabinet meeting, stating that the government is focused on action. He confirmed that the Canada fuel charge, the consumer fuel charge, will be eliminated immediately. However, the order-in-council Carney signed in front of cabinet ministers and the press specifies that the fuel charge will be removed as of April 1, 2025, coinciding with the scheduled price increase. Instead, the charge w

b-c-overdose-deaths-in-january-drop-30-per-cent-to-152-continuing-downward-trend

B.C. overdose deaths in January drop 30 per cent to 152, continuing downward trend

The British Columbia coroner says 152 people died of toxic drug overdoses in January, marking four consecutive months that the toll was under 160. January's figure was down more than 30 per cent from the same time last year when there were 219 deaths. The coroner's service says half of those who died in January were between the ages of 40 and 59, while three were children or youth under the age of 18. The powerful opioid fentanyl and its analogues were found in 77 per cent of tests on those who died, followed by methamphetamine, while 46 per cent of those who died had bromazolam in their syste

carneys-government-is-not-prioritizing-labor-unions-and-workers-jagmeet-singh

CanadaMar 14, 2025

Carney’s Government is Not Prioritizing Labor, Unions, and Workers: Jagmeet Singh

NDP Leader Jagmeet Singh has criticized Prime Minister Mark Carney for not assigning any specific portfolios for women, youth, or people with disabilities. Singh also pointed out that Carney’s cabinet does not include a dedicated labor minister. He noted that Steven McKinnon now serves as the Minister of Jobs and Families, and while labor-related matters may still fall under his responsibilities, the portfolio’s name carries significant meaning. Singh stated that this demonstrates Carney’s government is not prioritizing labor, unions, or workers.

teen-dies-after-car-crashes-into-tree-in-vancouvers-stanley-park

Teen dies after car crashes into tree in Vancouver's Stanley Park

Police in Vancouver say an 18-year-old man has died in an early morning car crash in Stanley Park.They say in a news release that the driver of a white BMW was travelling between Second and Third Beach in the park when he lost control and hit a tree just after 3 a.m. Police say the passenger in the vehicle died at the scene. They say the driver was taken to hospital with injuries that are not life-threatening. The department says investigators don't believe alcohol or drug impairment were factors in the crash. Police are asking anyone who may have witnessed the crash or has dashcam footage to

newly-appointed-pm-carney-responds-to-controversial-us-remarks-on-canadian-sovereignty

CanadaMar 14, 2025

I have no plans to visit the United States at the moment: Mark Carney

In his first speech as Prime Minister of Canada, Mark Carney made it clear that he has no immediate plans to visit the United States. Carney stated that his primary focus is on strengthening trade ties between Canada, Europe, and the UK, adding that he will engage with President Trump when the time is right. Meanwhile, as Carney and his cabinet were being sworn in, controversial remarks made by current US Secretary of State Marco Rubio about Canadian sovereignty surfaced in Canada. Rubio had stated in response to a reporter's question that Trump believes it would be better for Canada to join

Ads

Related News

post card alt

Carney’s Government is Not Prioritizing Labor, Unions, and Workers: Jagmeet Singh

NDP Leader Jagmeet Singh has criticized Prime Minister Mark Carney for not assigning any specific portfolios for women, youth, or people with disabilities. Singh also pointed out that Carney’s cabinet does not include a dedicated labor minister. He noted that Steven McKinnon now serves as the Minister of Jobs and Families, and while labor-related matters may still fall under his responsibilities, the portfolio’s name carries significant meaning. Singh stated that this demonstrates Carney’s government is not prioritizing labor, unions, or workers.

post card alt

I have no plans to visit the United States at the moment: Mark Carney

In his first speech as Prime Minister of Canada, Mark Carney made it clear that he has no immediate plans to visit the United States. Carney stated that his primary focus is on strengthening trade ties between Canada, Europe, and the UK, adding that he will engage with President Trump when the time is right. Meanwhile, as Carney and his cabinet were being sworn in, controversial remarks made by current US Secretary of State Marco Rubio about Canadian sovereignty surfaced in Canada. Rubio had stated in response to a reporter's question that Trump believes it would be better for Canada to join

post card alt

Decrease in Immigrants Stopped at US-Canada Border, While Detentions in Canada Rise

The number of immigrants stopped from entering the US from Canada has dropped to its lowest level since May 2022, according to data from US Customs and Border Protection. However, there has been an increase in the number of people detained after entering Canada. According to the report, US Border Patrol officers apprehended 481 individuals at the Canada-US border in February, down from 616 in January and a multi-year high of 3,601 in June of last year. An official stated that under an agreement between the two countries to combat illegal migration, both Canada and the US are sending back asyl

Ads

Legals

Journalism code of ethics

© 2024 AKASH BROADCASTING INC.

MANAGED BY STRATWIT

useful links

BC Children's Hospital