Canadian dollar edges lower as BoC cuts rates on tariff risk
The Canadian dollar weakened against the greenback on Wednesday as the Bank of Canada cut interest rates to support the economy ahead of expected U.S. trade tariffs, helping to widen the gap between Canadian and U.
Economists react to 'predicted' BoC rate cuts, but what comes next is less certain
The big difference with 2024 is the threat and impact of US tariffs. But the BoC’s chief noted that “Monetary policy cannot offset the economic consequences of a protracted trade conflict.” The challenge for the bank in that scenario though is the inflationary pressure of tariffs.
BoC cuts interest rate by quarter point to 3% as tariffs threat loom
The Bank of Canada delivered another interest rate cut on Wednesday, reducing its policy rate by a quarter percentage point to three per cent.
Canadian Dollar recedes after BoC cuts rates and ends QT
The Canadian Dollar lost 0.25% against the Greenback on Wednesday. The Bank of Canada cut interest rates by another 25 bps, to 3%. The BoC also announced the end of its quantitative tightening program.
BofA sees no further BoC rate cuts amid tariff concerns
Bank of America (BofA) analysts have projected that the BoC is unlikely to make further rate cuts, setting this as their baseline expectation. They base this forecast on the improved economic conditions in Canada, the inflation rate hovering around 2.0%, and the BoC's focus on tariffs.
BoC cuts rates amid tariff balancing act: CPA Canada
The Bank of Canada’s latest interest rate cut underscores its commitment to stimulating growth amid ongoing economic challenges – even as the looming tariff threat from south of the border complicates the outlook.
BoC poised to cut rates, Canadian Dollar edges lower
Another headache for the BoC is the swooning loonie, which is down over 6% against the US dollar since September 2024. If the BoC cuts today and the Fed holds, as expected, there will be further downward pressure on the Canadian dollar as the US/Canada rate differential will widen.
Canada-U.S. interest rate gap widens, but BoC more focused on tariffs: experts
The gap in interest rate policies between Canada and the U.S. widened further as the Bank of Canada cut its key lending rate by a quarter-point on Wednesday, while the U.S. Federal Reserve held rates steady.
GMA Network on MSN1d
BOC says P85.167-B smuggled goods seized in 2024
A total of P85.167 billion with of smuggled goods was confiscated in 2024, Customs Commissioner Bien Rubio said Thursday.
Inquirer on MSN1d
BOC donates funds to help build schools, bridges in calamity-hit areas
The Bureau of Customs (BOC) has donated funds to help rebuild communities affected by natural disasters, the agency said on ...
GMA News Online on MSN1d
BOC seizes P9.8M worth of smuggled cigarettes in Davao
The Bureau of Customs has seized 251 master cases of smuggled cigarettes worth more than P9.8 Million at the Port of Davao.
Is the TSX Composite index a buy ahead of the BoC and Fed?
The TSX Composite index is hovering near its all-time high ahead of the upcoming Bank of Canada (BoC) interest rate decision.
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BOC seizes P85-B worth of confiscated goods in 2024
The Customs Intelligence and Investigation Service (CIIS) seized a record-breaking PHP85.167 billion worth of smuggled goods ...
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First BoC rate drop of 2025: Who wins and who loses when the Bank of Canada lowers its interest rates?
Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access ...
The Manila Times on MSN14h
BOC VOWS TO SUPPORT OLONGAPO'S INITIATIVES
In a significant gesture of cooperation, the Bureau of Customs-Port of Subic, led by District Collector Marlon Fritz Broto, paid a courtesy call to Olongapo City Mayor Rolen Paulino Jr. at the City ...
CAD is trading steady after BoC – Scotiabank
"Choppy range trade is likely to extend in the short run. The CAD is marginally firmer on the day so far after USD gains yesterday peaked around 1.4475 resistance. Key resistance is 1.4515 ahead of ...