Fitch cuts outlook on Canadian banks
Fallout from trade war leads to gloomier outlooks for banks in five markets, along with global fund managers
- By: James Langton
- June 5, 2025 June 5, 2025
- 16:10
With energy inflation down, core inflation the primary driver of price pressures
Central bank says business and consumer survey data is key to making decisions amid uncertainty
Survey shows some are considering options like delaying renovations or downsizing
Nearly 84% of Canadians are adjusting investments in response to U.S. politics
Deficit compares with a $2.3-billion shortfall in March
Unemployment benefits claims edged higher last week to 247,000
Bank looks to support Europe's growth with eighth consecutive rate cut
After a strong Q4, productivity growth slumped to start 2025: Statistics Canada
The numbers are still short of pre-pandemic monthly sales of 200,000: DesRosiers
Producers warn that Canada's domestic market could be flooded by imports from other countries as U.S. tariffs double
The central bank pointed to "unexpected firmness" in inflation data, resilience of economy in decision to hold rate steady
Tensions rise over levies, trade deficits and food safety rules
Canada calls new U.S. tariffs “unlawful” as industries brace for impact
Governor Tiff Macklem signals openness to rate cuts if trade tensions hurt growth
Conference Board of Canada estimates windfall of up to $8.8B
Trade conflict is dimming growth prospects, raising inflation fears
Labour market shows resilience as vacancies hit 7.4 million
Oxford Properties takes full ownership of seven office towers in $730M deal
Analysts expect the ECB to cut rates by a quarter percentage point this week as concerns mount over U.S. tariffs
U.S. imports dropped sharply in April, likely didn't recover in May
Retaliatory tariffs on U.S. goods drive sharp revenue spike
Premiers aim to fast-track key infrastructure amid escalating U.S. trade disputes and growing regional economic challenges