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5 Things to Know Today: Canada’s Money Headlines

1. Bank of Canada expected to hold rates amid Iran‑war price pressures The Bank of Canada is preparing its next rate decision, with policymakers weighing inflation risks tied to the Iran conflict. Markets expect a hold as the Bank releases its new monetary policy report this week.  2. Oil & energy costs rise as global uncertainty persists Oil prices climbed more than US$2.50 as geopolitical tensions continue to influence global supply expectations. Canadian producers are also facing scrutiny, including Cenovus’s Newfoundland oilfield extension, which is projected to increase emissions by 21%. 3. Inflation pressures remain elevated for Canadian households Canada’s annual inflation rate rose to 2.4% in March , driven largely by higher gas prices. Rising costs continue to squeeze consumers, with food and essentials remaining stubbornly expensive.  4. Retail sales slow as Canadians pull back New data shows retail sales growth is losing momentum as households tighten bu...
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Trump's 10% Tariff: A Global Trade Shake-Up

The United States has begun enforcing President Donald Trump's controversial 10% tariff on imports, marking a significant departure from post-World War II trade norms. This "baseline" tariff, effective at U.S. ports and customs warehouses, is the first step in a broader strategy that includes higher levies on goods from major trading partners.

The move has already sent shockwaves through global markets, wiping out $5 trillion in stock value for S&P 500 companies and causing oil and commodity prices to plummet. Countries like Australia, the UK, and Saudi Arabia are among the first to face the new tariff, with even steeper rates set to impact the European Union and China in the coming weeks.

While the White House defends the tariffs as a response to trade imbalances, critics warn of escalating tensions and potential economic fallout. This seismic shift in U.S. trade policy is reshaping global dynamics, leaving nations scrambling to adapt.

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