BoC opted for wait-and-see approach to rates amid shifting trade policy: summary
Central bank cites layers of uncertainty regarding U.S. tariffs
- By: Tara Deschamps, The Canadian Press
- April 30, 2025 April 30, 2025
- 14:33
Central bank cites layers of uncertainty regarding U.S. tariffs
Plus, CPP Investments sells limited partnership interests in buyout funds and PEAK Capital Partners invests in Quebec fintech
A rush to buy cars and other goods fuelled a 0.7% rise in consumer spending in March
Canada faces a modest downturn and rising jobless rate
Manufacturing activity drops to a 16-month low, with export orders falling sharply
Agency estimates 1.5% annualized growth for Q1
U.S. companies pause growth plans as higher costs, uncertainty, raise recession risks
Weak spending and government cuts offset strong business investment
Better-than-expected Q1 growth overshadowed by renewed trade tensions
U.K. regulator aims to support responsible AI adoption in financial markets
Panel believed rep's evidence over allegations from former client
Canada’s largest bank retreats from key climate disclosures as it reassesses methodology
Meanwhile, the U.S. stock market held relatively steady near its records
Paper calls for guardrails against negative side effects of digital innovation
Asset performance to weaken as growth slows and inflation, rates face pressure
Shell companies, crypto exchange processed US$470 million in drug money
In series of legal filings, regulator claims exclusive jurisdiction
Project designed to avoid creating needless burden with new regime
The Fed left its benchmark interest rate unchanged for 3rd straight meeting on Wednesday
U.S. subsidiary of CI Financial seeks to plug "gap" in Canadian ultra-high-net-worth market
Meanwhile, Canadian direct investment abroad rose 2.8% to $2.4 trillion
Powell has signalled he could stay on Fed board after term as chair ends May 15
Seasoned ETF exec will help asset manager build "an entire footprint" in the country
Plus, another BMO alum joins software firm, new faces at Manulife and Optimize Wealth, and more
Plus, a new gold bullion mutual fund and a slew of product lineup changes
Clarity for clients makes it easier to shop across carriers
At the same time, both fund types recorded positive net sales