Imaan Sheikh

1 week ago | blogto.com | Imaan Sheikh

Amid times of economic uncertainty — an upcoming federal election and tense relations with the U.S. — Canadians are waiting for the next Bank of Canada (BoC) interest rate announcement. The central bank has made two 0.25 per cent cuts to its key interest rate so far this year, with the last one on March 12 bringing the rate to 2.75 per cent.

1 week ago | dailyhive.com | Imaan Sheikh

Amid times of economic uncertainty — an upcoming election and tense relations with the U.S. — Canadians are waiting for next week’s Bank of Canada (BoC) interest rate announcement. The central bank has made two 0.25 per cent cuts to its key interest rate so far, with the last one on March 12 bringing the rate to 2.75 per cent. That announcement came a week after U.S. President Donald Trump imposed a 25 per cent tariff on all Canadian goods and Canada retaliated with counter-tariffs.

3 weeks ago | dailyhive.com | Imaan Sheikh

Apr 1 2025, 5:55 pmKrakenimages.com/ShutterstockGood news for people living in Ontario: your monthly Ontario Trillium Benefit (OTB) payment will arrive soon. Many residents will see an OTB deposit in their accounts in just over a week, on April 10. This benefit is usually paid out on the 10th of each month unless there’s a bank holiday or weekend, in which case, payments are issued on the last working day before the 10th. Ontario Trillium Benefit: Are you eligible?

1 month ago | dailyhive.com | Imaan Sheikh

The Bank of Canada (BoC) made another 0.25 per cent cut to its key interest rate on Wednesday, March 12, bringing it to 2.75 per cent. “The Canadian economy entered 2025 in a solid position, with inflation close to the 2 per cent target and robust GDP growth. However, heightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada.

1 month ago | dailyhive.com | Imaan Sheikh

The Bank of Canada (BoC) brought its key interest rate down by 0.25 per cent to three per cent in 2025’s first update in January. At the time, 25 per cent tariffs from the U.S. were a threat, and expert speculation took them into account. The tariffs became a reality earlier this week. Days into tariffs taking effect, U.S. officials hinted at pausing tariffs for another month and removing certain agricultural products from the list of tariffed items.