Bank of Canada may 'Cut a Few More Times' on Tariffs: Karl Schamotta

#bankofcanada #trumptariffs #canadaustrade Expect further interest rate cuts from the Bank of Canada, as Canada’s economy weakens on the mere threat of tariffs – this according to Karl Schamotta – Chief Market Strategist at Corpay. Links: Corpay: https://www.corpay.com/ TD Credit and Debit Card Spend Report: https://economics.td.com/ca-consumer-spending Canada's job gains smash expectations and unemployment rate drops: https://financialpost.com/news/economy/canada-job-gains-beat-expectations-unemployment-rate-drops Canada's unemployment rate drops to 6.6% as economy gains more jobs than expected: https://financialpost.com/news/economy/canada-unemployment-rate-falls-job-gains-beat Trump’s tariff threats put chill on deals, investment in Canada as weak loonie could keep some investors circling: https://www.theglobeandmail.com/business/article-trump-tariff-threats-chill-investment-deals-in-canada/ Tariffs paused, but manufacturer that employs 700 in Steinbach now struggles with uncertainty: https://www.cbc.ca/news/canada/manitoba/loewen-windows-steinbach-tariffs-1.7451699 Trump to pause promised tariffs for 30 days after speaking with Trudeau: https://www.cbc.ca/news/politics/trudeau-trump-speak-trade-war-1.7448805 Tariff threats already affecting Canada’s economy, BoC’s Macklem says: https://www.theglobeandmail.com/business/article-tariff-threats-already-affecting-canadas-economy-bocs-macklem-says/ Amid Trump tariff threat, Canadian economy adds 76,000 jobs: https://globalnews.ca/news/11008660/january-2025-jobs-report/ Policy interest rate: https://www.bankofcanada.ca/core-functions/monetary-policy/key-interest-rate/ Five-year mortgage rates sink below 4 per cent amid trade uncertainty. How long will it last?: https://www.theglobeandmail.com/investing/personal-finance/article-five-year-mortgage-rates-sink-below-4-per-cent-amid-trade-uncertainty/ Falling fixed mortgage rates could be booster juice for buyers: https://financialpost.com/real-estate/mortgages/mortgage-rates/falling-fixed-mortgage-rates-could-be-booster-juice-for-buyers Canadian Dollar/U.S. Dollar: https://www.theglobeandmail.com/investing/markets/currencies/CADUSD/ Bessent Says He, Trump Are Focusing on 10-Year Yields, Not Fed: https://financialpost.com/pmn/business-pmn/bessent-says-he-trump-focus-on-10-year-yields-not-pushing-fed In a switch, Trump approves of the Fed’s decision to hold interest rates steady : https://www.cnbc.com/2025/02/03/in-a-switch-trump-approves-feds-decision-to-hold-interest-rates-steady-.html Trump goes to war with the Fed: https://www.politico.com/story/2018/10/11/trump-federal-reserve-841681 Policy Basics: Where Do Our Federal Tax Dollars Go?: https://www.cbpp.org/research/federal-budget/where-do-our-federal-tax-dollars-go Trump Trade And Immigration Policies Spell Higher Prices, Less Growth: https://www.forbes.com/sites/stuartanderson/2024/09/08/trump-trade-and-immigration-policies-spell-higher-prices-less-growth/ 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.