Bank of Canada HOLDS on Rates, Cites Trump Frustration

#bankofcanada #canadianeconomy #canadaeconomy The Bank of Canada held on interest rates this morning, expressing some discontent with President Trump’s tariff uncertainty at the press conference held thereafter. Links: Media availability on June 4, 2025 / Point de presse le 4 juin 2025: https://www.youtube.com/watch?v=AAdEtNTMBcc Monetary Policy Decision Press Conference Opening Statement: https://www.bankofcanada.ca/2025/06/opening-statement-2025-06-04/ Bank of Canada holds interest rate at 2.75% again as 'uncertainty remains high': https://financialpost.com/news/economy/bank-of-canada-holds-interest-rate-june-4 David Rosenberg: Latest labour data shows Canadians are begging the Bank of Canada for renewed rate relief: https://financialpost.com/news/economy/david-rosenberg-latest-labour-data-shows-canadians-are-begging-the-bank-of-canada-for-renewed-rate-relief Bank of Canada holds key interest rate at 2.75%, citing trade uncertainty: https://www.thestar.com/business/bank-of-canada-holds-key-interest-rate-at-2-75-citing-trade-uncertainty/article_f1fe1a07-ff8d-4654-b677-5c28ccd5888f.html Canada's unemployment rate ticked up to 6.9% in April, matching pre-pandemic high: https://www.cbc.ca/news/business/labour-force-survey-april-2025-1.7530855 Canadian Consumer Insolvencies Only Surpassed By 2010 & 2020 Peaks: https://betterdwelling.com/canadian-consumer-insolvencies-only-surpassed-by-2010-2020-peaks/ Financial Stability Report—2025: https://www.bankofcanada.ca/2025/05/financial-stability-report-2025/ Canadian economy will be among those hit hardest by global slowdown, says OECD: https://www.cbc.ca/news/business/oecd-lowers-global-outlook-trump-trade-war-1.7550723 Bank of Canada again holds key interest rate at 2.75%, as tariff negotiations 'are highly uncertain': https://ca.finance.yahoo.com/news/bank-of-canada-expected-to-hold-key-interest-rate-this-morning-even-as-core-inflation-starts-to-heat-up-122433307.html Canada's new tariffs on U.S. drop to 'nearly zero' with exemptions: Oxford Economics: https://nationalpost.com/news/canada/canadas-new-tariffs-on-u-s-drop-to-nearly-zero-with-exemptions-oxford-economics Canada Says Most Tariffs on US Remain, Pushing Back on Oxford Report: https://www.bloomberg.com/news/articles/2025-05-18/canada-says-most-tariffs-on-us-remain-pushing-back-on-oxford-report Carney denounces 'unlawful and unjustified' doubling of U.S. tariffs on steel and aluminum: https://nationalpost.com/news/canada/trump-to-double-steel-and-aluminum-tariffs-on-canada-white-house-press-secretary Mark Mitchell – Mortgage Broker London Ontario 920 Commissioners road east London, Ontario N5Z 3J1 Phone: (519)860-2102 (Call or Text) MarkMitchell@LondonOntarioMortgages.ca Brokerage Lic: 10464 Broker Lic: M16001479 https://www.LondonOntarioMortgages.ca – Apply Online!! Youtube Channel: https://www.youtube.com/c/MarkMitchellMortgageBrokerLondonOntario Subscribe NOW for more Mortgage/Financial News/Videos. Follow me on Social Media: Instagram - https://www.instagram.com/mortgagebrokerlondonontario Facebook - https://www.facebook.com/londonontariomortgages Twitter - https://twitter.com/londonmortgage1/ LinkedIn - https://www.linkedin.com/in/mark-mitchell-london-s-mortgage-broker-197842123/ TikTok - https://www.tiktok.com/@mortgagebrokerlondon?lang=en Commentary on this Channel should not be considered financial advice.