Bank of Canada Governor Macklem warns trade uncertainty is reshaping the Canadian economy

The Bank of Canada's steady rate amid economic weakness highlights global fragility, influencing investor strategies and currency dynamics. The post Bank of Canada holds interest rate steady at 2.25% as bonds rally on economic weakness appeared first on Crypto Briefing.

The Bank of Canada's steady rate signals cautious optimism, but global trade tensions and modest growth pose ongoing economic uncertainties. The post Bank of Canada holds rates at 2.25% as Governor Macklem downplays recession fears appeared first on Crypto Briefing.

The BoC's rate hold amid global uncertainties highlights potential volatility in Canadian markets, impacting inflation, exports, and investment strategies. The post Bank of Canada holds key interest rate at 2.25%, flags US trade uncertainty and Iran war risks appeared first on Crypto Briefing.

The Canadian dollar's decline highlights vulnerabilities in Canada's economy, affecting trade dynamics and inflation, while benefiting exporters. The post Canadian dollar slides to 2026 low as traders expect Bank of Canada to hold rates appeared first on Crypto Briefing.

The post Canadian Dollar: Recession and jobs data weigh against US Dollar – BBH appeared on BitcoinEthereumNews.com. Brown Brothers Harriman (BBH) strategist Elias Haddad highlights that the Canadian Dollar (CAD) underperformed as weaker Oil and an unexpected technical recession hit sentiment. With Q1 Gross Domestic Product (GDP) contracting and labor data showing rising slack, Haddad argues that current Bank of Canada (BoC) hike pricing looks too aggressive and sees scope for USD/CAD to overshoot toward resistance at 1.3930, the January high, as rate expectations adjust lower. Weak growth challenges BoC pricing “CAD underperformed most major currencies last week undermined by a decline in crude oil prices and Canada’s economy unexpected entry into technical recession.” “Canada real GDP fell at an annualized pace of -0.1% in Q1 (consensus and Bank of Canada projection: 1.5%) and the contraction in Q4 was revised 0.4ppt higher to -1.0%. The decline in Q1 GDP may be exaggerated by a surg

Rising long-term unemployment in Canada signals potential future productivity challenges and pressures on consumer-driven economic sectors. The post Bank of Canada reports highest long-term unemployment since early 2000s appeared first on Crypto Briefing.

Rising long-term unemployment in Canada signals potential future productivity challenges and pressures on consumer-driven economic sectors. The post Bank of Canada reports highest long-term unemployment since early 2000s appeared first on Crypto Briefing.

The post Canada: Energy lifts CPI, BoC focus on core – TD Securities appeared on BitcoinEthereumNews.com. TD Securities’ Senior Canada Economist Robert Both expects Canadian Consumer Price Index (CPI) inflation to rise to 3.1% year-on-year in April, driven mainly by higher energy and food prices and base effects from last year’s carbon tax changes. Core measures (CPI-trim/median) are projected near 2.1–2.2%, leaving the Bank of Canada (BoC) focused on underlying inflation rather than the temporary headline overshoot into the June policy decision. Energy shock lifts headline inflation “We look for CPI inflation to firm by 0.7pp to 3.1% y/y in April as prices rise by 0.6% m/m, underpinned by another sharp increase for gasoline and other energy products. Base effects from eliminating carbon taxes in April 2025 will also add to the acceleration on a year-ago basis.” “Higher oil/fertilizer prices will also keep upward pressure on food and airfares, but we do not expect broad strength outsid