Bank of Canada Warns of Tariff Inflation War, Cuts Interest Rates
#bankofcanada #trumptariffs #canadianeconomy The Bank of Canada cut interest rates by 0.25% this morning but warned of inflationary risks from the Trump tariffs. Links: Media availability on March 12, 2025 / Point de presse le 12 mars 2025: https://www.youtube.com/watch?v=d2t44zs8ZT0 Bank of Canada expected to cut interest rate again as trade war with U.S. disrupts economy: https://www.theglobeandmail.com/business/article-bank-of-canada-rate-decision-tariffs/ Posthaste: Bank of Canada rate cut 'chicken soup' to economy threatened by Trump's tariffs: https://financialpost.com/news/bank-of-canada-rate-cut-forecast-amid-trump-tariffs Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs: https://www.cbc.ca/news/business/bank-of-canada-march-12-2025-1.7481284 Tiff Macklem outlines what tariffs could mean for inflation in Canada: https://www.cbc.ca/player/play/video/9.6681799 Trump’s 25% tariffs on steel and aluminum begin; Canada joins Europe with $20bn retaliation: Live updates: https://www.independent.co.uk/news/world/americas/us-politics/trump-tariffs-stock-canada-news-live-updates-b2713795.html Tariffs offer a silver lining to Sudbury home owners, real estate agent says: https://www.cbc.ca/news/canada/sudbury/tariffs-housing-prices-1.7473562 Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy: https://financialpost.com/pmn/bank-of-canada-cuts-its-key-interest-rate-to-2-75-as-tariffs-roil-economy-2 Monetary Policy Decision Press Conference Opening Statement: https://www.bankofcanada.ca/2025/03/opening-statement-2025-03-12/ Bank of Canada cuts interest rate as trade war ‘doesn’t bode well’: https://globalnews.ca/news/11076721/donald-trump-tariffs-bank-of-canada-rate-announcement/ Forget Trump’s tariffs, the president’s bond market threat is worse: https://www.theguardian.com/business/2025/feb/16/forget-trumps-tariffs-the-presidents-bond-market-threat-is-worse Dow plunges 890 points after Trump declines to rule out recession: https://thehill.com/business/5185665-stocks-slump-as-recession-fears-rattle-wall-street/ How Canadian businesses and households are reacting to the trade conflict: https://www.bankofcanada.ca/publications/consultations-2025-03-12/ Trump says he will double tariffs on Canadian steel, aluminum imports: https://financialpost.com/news/economy/trump-says-double-tariffs-canadian-steel-aluminum-imports Trump changes course and delays some tariffs on Mexico and Canada: https://ca.finance.yahoo.com/news/commerce-secretary-lutnick-says-most-160030034.html EU to impose counter tariffs on $28 billion of US goods: https://www.reuters.com/markets/europe/eu-impose-counter-tariffs-over-28-billion-us-goods-2025-03-12/ Canada hits U.S. with tariffs on $29.8B worth of goods after Trump slaps levy on metals: https://www.cbc.ca/news/politics/canada-retaliatory-tariffs-1.7481258 Lack of exemption from U.S. steel tariffs 'regrettable,' says Japan: https://www.japantimes.co.jp/business/2025/03/12/us-steel-tariffs-japan-reactions/ 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.
