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Your daily horoscope: May 9, 2025

  IF TODAY IS YOUR BIRTHDAY A change of direction is a must this year as you have reached the end of your current journey and need a new challenge. Make a break with the past and make it one that cannot be reversed. Move forward fast and don’t look back. ARIES (March 21 - April 20): Someone you meet on your travels will catch your eye and maybe your heart as well. If it’s true that opposites attract you could find yourself getting close to someone whose charms are very different to your own – and remarkably the relationship will work. TAURUS (April 21 - May 21): Someone you think of as a friend will say something today that annoys you intensely. It may be the case though that they can see things that you cannot, so be open to what they tell you. They could be doing you a very big favor. GEMINI (May 22 - June 21): If you listen too much to other people’s advice today you could end up facing in several directions at once and ultimately getting nowhere. Pay attention to what friends a...
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Bank of Canada’s Rate Decision Hangs in the Balance Amid Trade Turmoil and Election Uncertainty

The Bank of Canada is facing a tough call on its latest interest rate decision, with market expectations nearly split between a rate cut and a pause. The central bank has already made seven consecutive cuts since June 2024, bringing its policy rate to 2.75%. However, ongoing trade tensions with the U.S. and uncertainty surrounding the upcoming federal election have complicated the outlook.

Recent inflation data showed a slowdown, with March’s annual inflation rate cooling to 2.3%. This has given policymakers more room to consider another rate cut, but concerns remain about the broader economic impact of U.S. tariffs on Canadian businesses and consumers. Some economists argue that a cut is necessary to cushion the economy, while others warn that holding steady might be the safer move.

Governor Tiff Macklem has acknowledged the “pervasive uncertainty” created by shifting trade policies, stating that multiple economic outcomes remain plausible. With consumer confidence shaken and the housing market struggling, the Bank’s decision today could have significant ripple effects across the economy.

Will the Bank of Canada opt for another cut, or will it hold firm in the face of uncertainty? The answer will shape Canada’s economic trajectory in the months ahead.

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