Top Bank of Canada officials speak after central bank holds policy rate steady

Bank of Canada holds benchmark rate steady at 2.75%

The Bank of Canada held its interest rate at 2.75%, pausing after seven cuts amid economic uncertainty and discussions on future monetary policy adjustments.

US manufacturing output slows in March; tariffs cloud hangs over factories

U.S. manufacturing showed moderate growth in March, but tariffs pose risks to recovery, with varied production increases across sectors as economic conditions remain uncertain.

FULL TEXT-Bank of Canada held rates as it seeks more information on tariffs, says Governor

The Bank of Canada maintains its interest rate at 2.75% amid trade uncertainty and inflation increases, emphasizing cautious monitoring of economic conditions and potential scenarios.

WTO slashes 2025 trade growth forecast, warns of deeper slump

The WTO forecasts a 0.2% decline in global merchandise trade due to U.S. tariffs and economic tensions, signaling a potential recession and affecting services trade.

Financial institutions’ gender balance progress under threat, study shows

A report reveals the slow progress of women in financial leadership and the threat to diversity initiatives due to rollbacks in the U.S. and globally.

Chinese factory bids to keep exporting fun amid US trade war

iFun's business faced challenges due to 145% tariffs imposed by Trump, halting U.S. orders. Zhang remains hopeful for tariff rollback and plans to expand to new markets.

Powell says Fed remains in wait-and-see mode; markets processing policy shifts

Bank of Canada holds rates, says it will act decisively if need be

The Bank of Canada paused rate cuts at 2.75%, assessing tariffs' impact, while offering two economic scenarios amid inflation control concerns and potential future action.

BOJ to cut growth forecast as US tariffs hit, sources say

The Bank of Japan plans to revise down its economic growth forecasts due to U.S. tariffs impacting Japan's recovery, while maintaining a cautious approach towards interest rate hikes.