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.

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
Global trade and economy

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