Bank of Canada maintained interest rates at 2.75% level, in line with expectations.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile app
Bank of Canada Rate Decision - Key Points
-
Rate held steady at 2.75% as BoC monitors US tariff impacts
-
Trade uncertainty is the primary concern, creating unpredictable economic outlook
-
BoC outlines two scenarios:
-
Limited tariffs: temporary growth weakness, inflation near 2%
-
Trade war: possible Canadian recession, inflation exceeding 3%
-
-
Inflation currently at 2.3% (March), expected to decrease with carbon tax removal
-
Economic slowdown evident with weakening consumption and business spending
-
BoC will "proceed carefully" while supporting growth and controlling inflation
USDCAD dropped after BoC decision.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
