The Bank of Canada is apparently staying calm about the widely-feared impact of Donald Trump trader tariffs both known and unknown. BOC jumped its rate a quarter point to 1.5 percent, a signal to all lenders that they too can charge more for borrowed money. It was the bank’s fourth increase over the last 12 months and the first time the rate has been this high since December 2008. It said it expects the negative blow of the trade policies recently put in place to be largely offset by the positives for Canada from higher oil prices, which are above US$73 per barrel, and the stronger US economy. Maybe someday there will be pipelines to move the oil.
- Canada to lead new training mission in Iraq
- Ted Arnott elected Speaker of the Legislature
- CN Rail to spend $315M to upgrade Ontario operations
