Lates News

Bank of Canada: Disruptive factors related to trade shifts will continue to increase costs and bring uncertainty to the economy. Monthly data shows that the upward momentum of core inflation earlier this year has dissipated. The new tariffs imposed by the United States on copper and the increase in tariffs on lumber will further spread direct impacts. There have been signs of economic resilience in the second quarter; consumer spending has been stronger than expected, and housing activity has also increased. The Bank of Canada lowered interest rates to better balance future economic risks. There is a clear consensus on the interest rate cut. Repealing retaliatory tariffs means less upward risk to the consumer price index.