Promit Mukherjee's profile photo

Promit Mukherjee

Ottawa

Correspondent at Reuters

A Reuters journalist and a storyteller. Chronicled India and South Africa for more than a decade. Now covering Canadian Economics in Canada. Views personal

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Articles

  • Bank of Canada holds rates but ‘ready to move if needed’

    1 week ago | businesslive.co.za | Promit Mukherjee |David Ljunggren

    Ottawa — The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said that the uncertainty around US tariffs made it impossible to issue regular economic forecasts. Instead, the central bank produced two scenarios on what could happen, including one which predicted a deep recession in Canada and a spike in inflation.

  • Bank of Canada holds rates, says it will act decisively if need be

    1 week ago | marketscreener.com | Promit Mukherjee |David Ljunggren

    OTTAWA (Reuters) -The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to act decisively if needed to keep inflation under control. The bank, which began cutting last June, kept rates on hold as it gained more information on the impact of tariffs and said it would proceed carefully.

  • Bank of Canada likely to hold rates at 2.75%, but some expect a cut

    1 week ago | ca.finance.yahoo.com | Promit Mukherjee

    By Promit Mukherjee OTTAWA (Reuters) - The Bank of Canada is narrowly expected to hold its key policy rate at 2.75% on Wednesday as U.S. President Donald Trump's tariffs slowly trickle through the economy, hurting businesses and consumers. But for the first time in the ten months since the BoC started its rate-cutting cycle the markets, economists and analysts are almost evenly undecided on the decision the bank will take.

  • UPDATE 1-Bank of Canada holds rates, says tariffs could cause deep recession

    1 week ago | ca.marketscreener.com | Promit Mukherjee |David Ljunggren

    OTTAWA, April 16 (Reuters) - The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said the uncertainty around U.S. tariffs made it impossible to issue regular economic forecasts. Instead, the central bank produced two scenarios on what could happen, including one which predicted a deep recession in Canada and a spike in inflation.

  • Bank of Canada holds rates, says it will act decisively if need be

    1 week ago | streetinsider.com | Promit Mukherjee |David Ljunggren

    1. NVDA2. SPY3. JBHT4. ASML5. ABT6. LYFT7. TLT8. VXX9. IBKR10. UAL Tweet Share E-mail0 shares FILE PHOTO: A view shows a Bank of Canada building in Ottawa, Ontario, Canada December 11, 2024. REUTERS/Blair Gable/File Photo By Promit Mukherjee and David Ljunggren OTTAWA (Reuters) -The Bank of Canada on Wednesday held its key policy rate at 2.75%, its first pause after seven consecutive cuts, and said it would be ready to act decisively if needed to keep inflation under control.

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promit07
promit07 @promit07
10 Apr 25

Canadian exporters inquire on trade insurance as Trump's tariffs heighten risk #TariffWar #TradeWar #TrumpTariffs #CanadaUSTradeWar #canada #canadian #cdnecon #cdnpoli https://t.co/qtCLooBOE2

promit07
promit07 @promit07
4 Apr 25

Nowhere to hide: Trump tariffs leave trading partners cornered #tradewar #trumptradewar #trumptariffs #tariffs #canada #globaltrade https://t.co/OuvfinlJxt

promit07
promit07 @promit07
4 Apr 25

Canada loses jobs in March for first time since 2022 on tariff uncertainty #tariffs #Jobs #jobloss #hiring #Canada #CANADANEWS #cdnpoli #cdnecon #TrumpTariffs #TradeWar https://t.co/L5uwlmXo8e