The Bank of Canada is reviewing its monetary policy framework, but Governor Tiff Macklem suggests officials will likely reaffirm the 2% inflation target. The bank will consider a "richer" playbook for handling supply shocks and examine whether its core inflation gauges remain appropriate in a more volatile world. The bank may also pay more attention to the housing market in setting policy. A US-Canada tariff war would hurt the Canadian economy, with output plunging nearly 3% over two years.
Published on: February 21, 2025, 06:00 PM UTC
Chancellor Rachel Reeves faces pressure to cut spending or raise taxes due to over-optimistic growth and productivity forecasts, leaving her finely balanced Budget vulnerable to downgrades.
Published on: February 19, 2025, 03:04 PM UTC