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Bank of Canada reduces policy rate by 25 basis points to 2¾%
The Bank of Canada today reduced its target for the overnight rate to 2.75%, with the Bank Rate at 3% and the deposit rate at 2.70%. The Canadian economy entered 2025 in a solid position, with inflation close to the 2% target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada. The economic outlook continues to be subject to more-than-usual uncertainty because of the rapidly evolving policy landscape. After a period of solid growth, the US economy looks to have slowed in recent ... (full story)
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The Bank of Canada cuts its key interest rate by a quarter point
The Bank of Canada cut interest rates a quarter point, dropping the benchmark rate to 2.75 per cent, citing a spike in anxiety over tit-for-tat tariffs that already is causing consumers and businesses to retrench in the near term. However, governor Tiff Macklem warned against assuming the central bank would continue cutting rates, emphasizing that containing inflation will be his primary concern. Rearview mirror: If not for U.S. President Donald Trump’s belligerence, Macklem and the Bank of Canada would be enjoying a victory over their struggle with inflation. Policymakers observed that inflation is at target, if ... (full story)
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From eia.gov|Mar 12, 2025In the United States, cumulative utility-scale battery storage capacity exceeded 26 gigawatts (GW) in 2024, according to our January 2025 Preliminary Monthly Electric Generator ...
From @financialjuice|Mar 12, 2025OPEC leaves 2025 global oil demand growth forecast unchanged at 1.45 million bpd in monthly report. *OPEC+ FEB. OIL OUTPUT SURGED AS KAZAKHS FURTHER BREACHED QUOTA OPEC: Trade ...
From bls.gov|Mar 12, 2025|38 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in February, after rising 0.5 percent in January, the U.S. Bureau of ...
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From bankofcanada.ca|Mar 12, 2025Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss our policy decision. Today, we lowered the policy interest rate by 25 basis points, ...
From think.ing.com|Mar 12, 2025|2 commentsWe've had a surprisingly cool set of February US consumer price inflation prints of 0.2% month-on-month for both headline and core versus consensus predictions of 0.3%. This pulls ...
From @financialjuice|Mar 12, 2025|5 commentsCanada's Foreign Minister Joly: Canada to work with Europe to put pressure on Trump administrationCanada unveils retaliatory tariffs on US The Canadian government ...
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- Posted: Mar 12, 2025 9:45am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,039
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