tariffs Archives - Mortgage Rates & Mortgage Broker News in Canada

Canada’s GDP contracts in February, with more headwinds ahead

April 30, 2025 No Comments

Canada’s GDP started 2025 on a strong note, but February brought a sharp pullback, with growing tariff risks and ongoing uncertainty continuing to cloud the Bank of Canada’s policy outlook.

Liberal election win: What it means for Canada’s policies and economy

April 29, 2025 No Comments

The Liberals, under the new leadership of Mark Carney, have secured a fourth consecutive term in office following Monday’s federal election, forming another minority government.

Scotiabank now sees three Bank of Canada rate cuts in 2026

April 29, 2025 1 Comment

Scotiabank has revised its interest rate forecast, now predicting the Bank of Canada will deliver three cuts in 2026 as the global economy feels the strain of escalating U.S. trade policies.

Dip in February retail sales strengthens case for another BoC rate cut

April 25, 2025 No Comments

A second straight monthly decline in Canadian retail sales is adding to expectations that the Bank of Canada will ease interest rates in June.

A person walks past the TMX Market Centre in Toronto

Amid market turbulence, money managers lean on defensive bets

April 23, 2025 No Comments

Faced with the extreme market turbulence of the past week, money managers are staying the course and relying on their long-term investment strategies while also looking for opportunities amid the panic.

BoC holds rate at 2.75%, outlines two paths for economy as trade tensions cloud outlook

April 16, 2025 No Comments

The Bank of Canada held its benchmark interest rate at 2.75% on Wednesday and unveiled two diverging scenarios for the economy, reflecting the unprecedented uncertainty triggered by U.S. tariffs.

Tariff uncertainty foils ‘slam dunk rebound year’ for national home sales: CREA

April 15, 2025 No Comments

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2025, while the number of homes that changed hands across the country in March was down 9.3% compared with a year ago.

Trump retreats from global tariff plan, but Canada gets no relief

April 9, 2025 No Comments

In a stunning about-face, U.S. President Donald Trump announced a 90-day suspension of his sweeping new “reciprocal” tariffs on most nations—but not on Canada.

FOMC minutes show Fed remains cautious on rate cuts amid inflation and tariff risks

April 9, 2025 No Comments

The Federal Reserve is in no hurry to cut interest rates, according to minutes from its March meeting. While economic growth remains solid and the labour market is holding up, policymakers expressed growing concern over persistent inflation and the potential impact of tariffs.

Tariffs, tech, and Tesla: What’s driving the current market chaos

April 7, 2025 No Comments

What a week we saw in the markets. Weeks like this are only rivalled by a few moments in history—the COVID-19 meltdown in 2020, the Global Financial Crisis in 2008, and the tech wreck in 2001.

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