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 rate for third time as Canadian economy shows resilience
Perspectives
18 minutes
3 months ago
Bank of Canada holds rate for third time as Canadian economy shows resilience
The Bank of Canada has decided to hold its key policy rate steady at 2.75%, for the third consecutive time, amid ongoing trade uncertainty.
Scotiabank’s Chief Economist Jean-François Perrault returns to break down the central bank’s decision to hold once again, how Canada’s economy has been stronger than anticipated, possible economic scenarios ahead, and much more.
For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures
Key moments this episode:
1:10 - JF’s main takeaway from the decision
1:35 - Did we learn anything from the Bank of Canada’s commentary or outlook?
2:31 - Was a hold the right call in JF’s view?
3:16 - JF walks us through the Bank of Canada’s three possible economic scenarios ahead
5:18 - What scenario does JF think is most likely?
5:55 - How unusual is it for the Bank of Canada to not have an economic forecast?
7:14 - What is the current state of Canada’s economy?
9:30 - A breakdown of Canada’s “unbelievable” employment numbers
10:34 - Which sectors are feeling the impact of trade uncertainty the most?
12:17 - Scotiabank Economics’ outlook for rate decisions for the rest of 2025
15:07 - What’s happening in Canada’s housing market?
16:54 - JF’s main takeaways for Canadians from the Bank of Canada’s decision and outlook?
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
