The MOST IMPORTANT PARTS of the BoC Rate Decision You Haven't Seen | Behind Closed Doors
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In this episode, I break down why the Bank of Canada chose to hold its interest rate at 2.75% and what that decision reveals about the country’s economic crosswinds—from inflationary pressure to slowing growth.
Also in this episode:
📉 Global trade uncertainty remains high despite reduced recession fears, with U.S. tariffs and global growth trends shaping the BoC’s outlook.📦 Canada’s strong Q1 GDP was boosted by exporters rushing shipments before tariff hikes.📉 Job growth slowed and unemployment rose, especially in trade-exposed sectors.📊 Inflation appears to be easing, but only due to the removal of the carbon tax—underlying pressures remain.🛒 CPI data shows more broad-based inflation, especially in services, raising long-term concerns.📈 Businesses are bracing for higher input costs and plan to pass them on to consumers.⚖️ The BoC debated cutting rates but held steady due to the conflict between inflation and slowing growth.🔍 Focus now turns to tariffs’ long-term impacts, labor market trends, and inflation expectations.⏳ Inflation might remain high even as growth slows, driven by global supply chain shifts.🪙 For investors, the rate pause offers no clear signal—volatility and uncertainty will persist.
Chapters
00:00 Intro00:30 Most Recent Decision01:10 Global Outlook02:41 The Canadian Economy03:50 Inflation05:27 The Decision & Reasoning07:45 The Bottom Line-----------
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