trade war Archives - Mortgage Rates & Mortgage Broker News in Canada

Bank of Canada warns of potential household strain as mortgage renewals peak and trade war risks linger

May 8, 2025 No Comments

Canada’s financial system may be holding steady, but rising household debt and looming mortgage renewals are emerging as critical risks, the Bank of Canada warns in its 2025 Financial Stability Report.

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.

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.

Canada’s merchandise trade falls into deficit as exports tumble

April 3, 2025 No Comments

Canada’s merchandise trade balance swung back into deficit in February, weighed down by a broad-based decline in exports following months of front-loaded shipments ahead of U.S. tariff threats.

Canada spared from Trump’s new import tariffs, but auto sector still faces 25% levy

April 2, 2025 No Comments

Canada has avoided the brunt of a sweeping new round of U.S. tariffs announced today by U.S. President Donald Trump, who unveiled a blanket 10% levy on all imports—excluding only Canada and Mexico under the USMCA trade pact.

Trump’s tariffs on Canada: A timeline of trade tensions

March 19, 2025 No Comments

Trade tensions between Canada and the U.S. have escalated rapidly since the start of the year, with President Donald Trump imposing sweeping tariffs on Canadian goods, prompting swift retaliation from Ottawa.

Economists react to Bank of Canada rate cut

Economists react to the Bank of Canada’s 25-bps rate cut: What’s next for rates?

March 12, 2025 No Comments

The Bank of Canada cut its overnight rate by 25 basis points to 2.75%, its seventh straight cut. While expected, the move comes as the Bank tries to navigate economic uncertainty and the fallout from U.S. trade tensions.

Ontario backs down on electricity surcharge after Trump threatens 50% tariffs

March 11, 2025 1 Comment

Ontario has backed away from its controversial 25% surcharge on electricity exports to the U.S., following sharp warnings from the White House about substantial retaliatory tariffs.

U.S. tariffs set to slow pace of homebuilding in Canada: CHBA

March 4, 2025 No Comments

Canada’s building industry is warning that a trade war with the United States will slow down the pace of home construction.

U.S. tariffs on Canada and Mexico will take effect Tuesday, Trump says

March 3, 2025 No Comments

U.S. President Donald Trump has confirmed that his long-threatened trade war will go ahead, with tariffs on Canadian goods scheduled to take effect just after midnight tonight.

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