
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy
The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to
Canadian and international business news relevant to local business leaders here in Ottawa. Includes stories related to inflation, interest rates, employment, major government announcements and more.
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy
The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to
Carney’s win kills Liberals’ much-delayed plan to change capital gains tax
Mark Carney’s victory in the Liberal leadership race put the final nail in the coffin for federal government’s controversial plan to hike the inclusion rate
Hudson’s Bay looking at closing half its stores amid restructuring: source
The restructuring process Hudson’s Bay kicked off Friday will likely see Canada’s oldest company shrink as it works to stay alive. According to a source
‘Very difficult position’: Bank of Canada expected to cut rate amid trade uncertainty
The Bank of Canada’s interest rate announcement arrives on Wednesday in a cloud of uncertainty thanks to a shifting trade war with the United States.
Federal government announces $6.5-billion aid package for businesses hit by trade war
The federal government has put together a $6.5-billion aid package and is making temporary changes to the employment insurance program to support Canadian businesses through
Canadians cancel U.S. travel plans amid anger over tariffs, weak loonie
Airlines and travel companies have seen bookings to the United States plummet as Canadians rethink their plans amid anger over the trade war set off by U.S. President Donald
Canadian recession looms this year if U.S. tariffs stay in place: economists
Economists say the Canadian economy is poised to plunge into a recession this year if U.S. tariffs that took effect Tuesday morning remain in place.
Canada’s economy heated up heading into 2025 — now comes Trump
Canada’s economy was heating up heading into 2025, but the return of U.S. President Donald Trump to the White House threatens to snuff out those burgeoning flames.
Canadian consumer confidence hits lowest level since 2023 on U.S. tariff fears
Fears of a trade dispute with the United States have pushed consumer confidence in Canada to its lowest level in more than a year, according to a new
Canadian chip and hardware makers brace for tariffs, seek domestic support
Ramee Mossa was months into fundraising for his power hardware company FTEX when U.S. President Donald Trump started looming over the negotiations. As soon as Trump took office, potential
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