Each week we help break down the important economic issues on Canadians’ minds. With our unique access to leading experts, timely insights and helpful explainers, we navigate the latest in the world of finance, housing, business, the markets — and more.
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Each week we help break down the important economic issues on Canadians’ minds. With our unique access to leading experts, timely insights and helpful explainers, we navigate the latest in the world of finance, housing, business, the markets — and more.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Bank of Canada holds its key interest rate steady as inflation strengthens, economy weakens
Perspectives
17 minutes
5 months ago
Bank of Canada holds its key interest rate steady as inflation strengthens, economy weakens
The Bank of Canada announced that it has held its policy interest rate steady at 2.75% for the second consecutive time as tariff uncertainty continues to loom, the Canadian economy shows signs of weakness and inflation persists.
Scotiabank’s Chief Economist Jean-François Perrault is back on the show to break down the central bank’s latest decision, what’s happening with inflation and in Canada’s housing market, why he doesn’t expect any interest rate cuts this year, and much more.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Key moments this episode:
1:00 — What is JF's main takeaway from the Bank of Canada's latest decision?
1:43 — JF breaks down Canada's latest GDP numbers and how that factored into the central bank's decision to hold
4:03 — A closer look at inflation in Canada and how key measures are rising
6:35 —JF's outlook for the economy in the coming months
10:00 — Why JF isn't expecting the Bank of Canada to announce a cut this year
14:06 — What's happening in the Canadian housing market? If interest rates stay put for awhile, what kind of ripple effect could that have?
16:29 — The main takeaway from the Bank of Canada's decision and outlook for Canadians
Perspectives
Each week we help break down the important economic issues on Canadians’ minds. With our unique access to leading experts, timely insights and helpful explainers, we navigate the latest in the world of finance, housing, business, the markets — and more.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
