Bank of Canada 'Prepared to Act', Holds Interest Rates Steady
#bankofcanada #canadianeconomy #canadianrealestate The Bank of Canada is ‘Prepared to Act’ after holding interest rates for the first time after cutting by 225bps. Governor Tiff Macklem and Deputy Governor Carolyn Rogers outlined two key economic scenarios—one driven by easing tariffs, the other by a protracted global trade war—highlighting just how unpredictable the path ahead really is. Media questions ranged from insightful to absurd, as Canadian journalists continued their annual race to ask the most repetitive questions about rate cuts. Key topics include stagflation risks, the impact of trade policy, housing market struggles, and the Bank’s refusal to give forward guidance. With no clear answers and no historical precedent for what's unfolding, the Bank has made one thing clear: uncertainty reigns. Links: Release of the Monetary Policy Report / Publication du Rapport sur la politique monétaire: https://www.youtube.com/watch?v=wp_Td7tBFoM Bank of Canada holds policy rate at 2¾%: https://www.bankofcanada.ca/2025/04/fad-press-release-2025-04-16/ Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening: https://www.bankofcanada.ca/2025/01/fad-press-release-2025-01-29/ Bank of Canada holds key interest rate at 2.75%, says trade war could cause a recession: https://www.cbc.ca/news/business/boc-interest-rate-april-1.7511457 ‘Mass uncertainty’: How Trump's tariffs are already hobbling Canada's auto sector: https://financialpost.com/transportation/autos/trump-tariffs-already-hobbling-canada-auto-sector Canada's inflation rate cools more than expected: https://financialpost.com/news/economy/canada-inflation-rate-cooler-than-forecast Posthaste: Bank of Canada must cut rates deeper to salvage rocky housing market, say economists: https://financialpost.com/news/bank-of-canada-must-cut-rates-boost-housing-market-economists Housing on Shaky Foundation Amid Tariff Turbulence: https://economics.td.com/ca-provincial-housing-outlook Bank of Canada holds key interest rate at 2.75% in close-call decision amid Trump tariff uncertainty: https://www.thestar.com/business/bank-of-canada-holds-key-interest-rate-at-2-75-in-close-call-decision-amid/article_7a9cbe4c-550e-4dac-8a08-edbdf3072c1a.html World markets rally after Trump gives tariff exemption to electronics: https://globalnews.ca/news/11129986/donald-trump-tariffs-stock-markets-april-14/ US stock markets rise on Trump tariff rollback: https://www.bbc.com/news/articles/cy70yxdn8z6o Trump Warns Tariffs Coming for Electronics After Reprieve: https://www.bloomberg.com/news/articles/2025-04-13/china-says-us-tariff-exemption-a-small-step-to-undoing-mistake 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.
