GuShiio.com GuShiio.com learned that the Bank of Canada pointed out in the minutes of its monetary policy meeting on January 29, 2025 that global economic growth is expected to remain at around 3%, but the strong performance of the U.S. economy may exert upward pressure on inflation. Canada’s domestic economy is showing signs of recovery, with household spending picking up and the housing market active, but the labor market is still weak. Inflation remains at about 2%, and is expected to remain at this level over the next two years. Taking into account the uncertainty, the central bank decided to cut the policy rate by 25 basis points to 3%. At the same time, in view of the potential impact of the trade conflict, the central bank will resume asset purchase operations on March 5, 2025 and adjust the deposit rate to 5 basis points below the policy rate to support the short-term financing market.
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