BoC reaction, Rate cut forecasts, Trade deadline looms, First National results, More

View in browser BoC isn't certain to cut rates soon, warns banking giant View web version | Forward to a colleague 31 July 2025 Top News BoC isn't certain to cut rates soon, warns banking giant Plenty are hoping for a September rate cut, but that's far from a done deal Latest central bank decision sees no relief for mortgage borrowers Variable rates are set to remain unchanged, while fixed-rate borrowing costs aren't likely to fall anytime soon Financial stress is rising among younger Canadians even despite rate relief Report highlights a worrying trend among Canadians aged between 18 and 34 Carney decision 'makes it very hard' for US to reach trade deal, says Trump Negotiations are continuing as the president's August 1 deadline draws nearer First National posts record quarter amid volatile economy The financial services giant saw mortgages under administration and revenue jump in Q2 Housing crisis deepens in Newfoundland as workers return home Canada's easternmost province is gripped by acute supply challenges As trade deadline looms, Trump tariffs face legal test States, businesses set to challenge use of tariffs in appeals court International News Fed reveals latest rate decision amid ongoing Trump-Powell firestorm The central bank has faced huge pressure from the president to cut rates in recent weeks Non-major goes all out on broker tech, but will human touch remain? Bank's glitzy new lodgement platform ticks all the boxes, now it needs to deliver a better customer experience Property transactions up in June as market outlook improves Latest HMRC figures show rise in residential and non-residential deals Mortgage refinancing hits new high as fixed terms roll off Refinancing surges as borrowers chase better deals Want to change how you receive these emails? You can manage your preferences or unsubscribe. © 2025 KM Business Information Canada Ltd. 317 Adelaide Street West, Toronto, ON Privacy | Conditions of Use | About us | Contact us

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