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Bank of Canada Keeps Rates At 2.75% As Expected, Sees "Significant Recession" In All-Out Trade War

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The Bank of Canada kept rates steady at 2.75% as expected, with the central bank saying it would support economic growth while ensuring that inflation remains well anchored. Here are some more highlights from the decision: TARIFFS: The major shift in direction of US trade policy and the unpredictability of tariffs have increased uncertainty, diminished prospects for economic growth, and raised inflation expectations. Pervasive uncertainty makes it unusually challenging to project GDP growth and inflation in Canada and globally. Expects tariffs and supply chain disruptions to push up some prices. Major shifts in US trade policy have increased uncertainty and cut prospects for growth and raised inflation expectations.

ZeroHedge Opinion     Apr 16, 2025