Canadian Inflation Surges as OECD warns of Rate Hikes, Shaky Economy

#canadianinflation #bankofcanada #canadianeconomy Canada’s inflation rate jumped higher than expected in February, while the OECD warns Canada will be ‘hit hardest’ by tariffs - with interest rate hikes still on the table. Links: Consumer Price Index, February 2025: https://www150.statcan.gc.ca/n1/daily-quotidien/250318/dq250318a-eng.htm?indid=3665-1&indgeo=0 Annual inflation rate jumps to 2.6% in February with tax holiday end: StatCan: https://www.nsnews.com/the-mix/annual-inflation-rate-jumps-to-26-in-february-with-tax-holiday-end-statcan-10389481 Steering through Uncertainty: https://www.oecd.org/en/publications/oecd-economic-outlook-interim-report-march-2025_89af4857-en.html Canada’s annual inflation rate jumps to 2.6% in February as GST holiday ends: https://www.theglobeandmail.com/business/article-canada-inflation-rate-february-gst-holiday/ Bank of Canada reduces policy rate by 25 basis points to 2¾%: https://www.bankofcanada.ca/2025/03/fad-press-release-2025-03-12/ ‘Stuck between Trump and a hard place’: Tariff backtrack only provides relief for some: https://financialpost.com/news/donald-trump-backtracks-on-tariffs OECD cuts Canada's growth outlook in half on impact of Trump's tariff wars: https://financialpost.com/news/economy/canada-growth-rate-undershoot-worlds-oecd Bank of Canada would need to hike interest rates by up to 1.25% in full-blown tariff war, warns OECD: https://financialpost.com/news/economy/oecd-warns-bank-of-canada-may-need-hike-rate-tariff-war Mark Carney: Canada is limited in matching further U.S. tariffs: https://financialpost.com/news/canada-limited-matching-further-us-tariffs-carney Canada February CPI +2.6% y/y vs +2.2% expected: https://www.forexlive.com/news/canada-february-cpi-26-yy-vs-22-expected-20250318/ Canada's annual inflation in January edges up to 1.9%, core measures also up: https://www.reuters.com/markets/canadas-annual-inflation-january-edges-up-19-core-measures-also-up-2025-02-18/ Canada's inflation rate fell to 1.8% in December, with prices declining during GST break: https://amp.cbc.ca/news/business/canada-cpi-december-2024-1.7436956 CPI stats show need for BoC to continue rate cuts, but jumbos are done: https://www.wealthprofessional.ca/news/industry-news/cpi-stats-show-need-for-boc-to-continue-rate-cuts-but-jumbos-are-done/388128 Economists weigh in on BoC rate cut chances after inflation drop: https://www.canadianmortgagetrends.com/2025/01/economists-weigh-in-on-boc-rate-cut-chances-after-inflation-drop/ Consumer Price Index, November 2024: https://www150.statcan.gc.ca/n1/daily-quotidien/241217/dq241217a-eng.htm Bank of Canada cuts interest rate by quarter-point to 2.75% amid ‘uncertainty’ around Trump tariffs: https://www.theglobeandmail.com/business/article-live-bank-of-canada-interest-rate-march-12/ Canada's annual inflation rate leaps to 2.6%, complicating path for BoC as tariff bite still looms: https://ca.finance.yahoo.com/news/canadas-annual-inflation-rate-leaps-to-26-complicating-path-for-boc-as-tariff-bite-still-looms-150839595.html Trump’s trade war to curb global growth, OECD says, with Canada and Mexico hit hardest: https://www.theglobeandmail.com/business/article-trumps-trade-war-to-curb-global-growth-oecd-says-with-canada-and/ How Canadian businesses and households are reacting to the trade conflict: https://www.bankofcanada.ca/publications/consultations-2025-03-12/ Canada hits U.S. with $21B in retaliatory tariffs as global trade war heats up: https://www.nbcnews.com/business/economy/canada-retaliatory-tariffs-21-billion-us-goods-trump-tariffs-latest-rcna196012 Mark Carney admits Canada is limited in its response to Donald Trump’s tariffs at end of whirlwind Europe trip: https://www.thestar.com/politics/federal/mark-carney-admits-canada-is-limited-in-its-response-to-donald-trump-s-tariffs-at/article_c2229942-0327-11f0-b145-af67e9d63c5f.html Trump doubles down on reciprocal tariffs: ‘April 2 is a liberating day’: https://thehill.com/homenews/administration/5198214-trump-pledges-reciprocal-tariffs/ 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.