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The US-Canada trade war has reached an impasse, and the Bank of Canada may hold interest rates steady for the seventh consecutive time.

MarsBitNews
Mars Finance News, September 1: Affected by escalating Canada-U.S. trade tensions and rising energy prices, the market generally expects the Bank of Canada to keep its benchmark interest rate unchanged at 2.25% this Wednesday, marking the seventh consecutive time the bank has “held steady.” The United States has currently imposed 50% tariffs on approximately $20 billion worth of Canadian goods, while Canada plans to impose retaliatory tariffs on some U.S. goods starting September 8. Meanwhile, driven by rising oil prices, Canada's overall inflation rate has climbed to 3%, the highest level since 2023, leaving the Bank of Canada facing the stagflation dilemma of “tariffs suppressing the economy while energy drives up inflation.” Although Canada's annualized GDP growth rebounded to 3.3% in the second quarter and more than 180k jobs were added from May to July, the trade war has prompted approximately two-thirds of surveyed economists to lower their expectations for corporate investment. The market currently broadly expects that the Bank of Canada's next rate hike may not come until the first half of 2027.
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CorrelationTrader
· 2 hours ago
After staying put seven times in a row, it will probably have to keep playing dead, squeezed by the trade war and high oil prices.
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CycleSimulator
· 2 hours ago
Let's wait until the retaliatory tariffs take effect on September 8 and see; the market is now speculating about who will blink first.
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GoldStandardChen
· 2 hours ago
GDP rebounded and employment held up, but business investment expectations collapsed by two-thirds—the data is contradictory.
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MEVResister
· 3 hours ago
3% inflation + tariff pressure, a classic stagflation script: no room to cut rates, while rate hikes risk triggering a collapse.
View OriginalReply0
ZeroPointFive
· 3 hours ago
The Bank of Canada is really in a tough spot this time: trapped by stagflation, it can neither move nor stay put. Let’s see how it navigates the situation on Wednesday.
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