In the media | 24 Jan 2024
City News Everywhere: Bank of Canada holds rate at 5%, “soft landing” unlikely

Tony Stillo
Director of Canada Economics

The Bank of Canada is holding interest steady at 5%, however we forecast that Canada is already in recession. Tony Stillo, Director of Canada Economics, examines how that could mean earlier rate cuts.
Listen to the interview below:
To download our latest reports, please check out Resource Hub – Oxford Economics.
Tags:
You may be interested in

Post
US auto tariffs would slam Canada’s motor vehicle industry
US President Trump ordered a 25% tariff on autos and auto parts, starting on April 3.
Find Out More
Post
US – Tariff Monitor Trump hits the gas on auto tariffs
President Trump ordered a 25% tariff on autos and auto parts, starting on April 3.
Find Out More
Post
Tariff dramas trim growth prospects, mostly in North America
We've lowered our GDP growth forecast for the US, Canada and Mexico, reflecting our assumption of more aggressive US tariff hikes.
Find Out More