Bank of Canada maintains target interest rate, awaits trade outcome
As anticipated, the Bank of Canada maintained its cautious stance on monetary policy this week, maintaining the target interest rate at 2.75%. Here is a closer look at what shaped the decision and what it could mean moving forward.
Canadian youth disproportionally burdened in today’s economy
Young people in Canada – those aged 15 to 24 – are facing a tough time in the economy. Summer jobs and internships, once reliable stepping stones into the workforce, are becoming harder to land. These roles have traditionally offered more than just a paycheck, they’ve helped build networks, sharpen skills and kickstart careers.
Canada has the lowest effective tariff rate among top U.S. trading partners
Global trade remains unpredictable. Some countries have managed to secure exemptions or strike new deals with the U.S., while others remain in flux. The introduction of the 35 per cent headline tariff on Canadian goods caused concern across industries.