Providing Rate Guidance Didn't Seem Useful, BOC's Macklem Says -- Market Talk

Dow Jones

Jan 30, 2025

1212 ET - Missing from the Bank of Canada's policy-rate decision, a quarter-point cut to 3%, was any semblance of rate guidance. In December, it signaled rates could be headed down further but a gradual pace. Gov. Tiff Macklem told reporters that the missing guidance is easy to explain, and circles back to President Trump's tariff threat. "There's a lot of uncertainty out there, and it just didn't seem very useful to provide guidance," he says at press conference. Macklem says future rate decisions will depend on which of the forces is more powerful: either the expected downward hit to growth from tariffs of 25%; or the upward pressure on prices for Canadians as the government here retaliates. (paul.vieira@wsj.com; @paulvieira)

(END) Dow Jones Newswires

January 29, 2025 12:12 ET (17:12 GMT)

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In December, it signaled rates could be headed down further but a gradual pace. Gov. Tiff Macklem told reporters that the missing guidance is easy to explain, and circles back to President Trump's tariff threat. \"There's a lot of uncertainty out there, and it just didn't seem very useful to provide guidance,\" he says at press conference. Macklem says future rate decisions will depend on which of the forces is more powerful: either the expected downward hit to growth from tariffs of 25%; or the upward pressure on prices for Canadians as the government here retaliates. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 12:12 ET (17:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Providing Rate Guidance Didn't Seem Useful, BOC's Macklem Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nProviding Rate Guidance Didn't Seem Useful, BOC's Macklem Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-30 01:12</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1212 ET - Missing from the Bank of Canada's policy-rate decision, a quarter-point cut to 3%, was any semblance of rate guidance. In December, it signaled rates could be headed down further but a gradual pace. Gov. Tiff Macklem told reporters that the missing guidance is easy to explain, and circles back to President Trump's tariff threat. \"There's a lot of uncertainty out there, and it just didn't seem very useful to provide guidance,\" he says at press conference. Macklem says future rate decisions will depend on which of the forces is more powerful: either the expected downward hit to growth from tariffs of 25%; or the upward pressure on prices for Canadians as the government here retaliates. (paul.vieira@wsj.com; @paulvieira) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 29, 2025 12:12 ET (17:12 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BOC","symbol_name":"Boston Omaha Corporation","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507557226","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507557226","pubTimestamp":1738170720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1212 ET - Missing from the Bank of Canada's policy-rate decision, a quarter-point cut to 3%, was any semblance of rate guidance. In December, it signaled rates could be headed down further but a gradual pace. Gov. Tiff Macklem told reporters that the missing guidance is easy to explain, and circles back to President Trump's tariff threat. \"There's a lot of uncertainty out there, and it just didn't seem very useful to provide guidance,\" he says at press conference. Macklem says future rate decisions will depend on which of the forces is more powerful: either the expected downward hit to growth from tariffs of 25%; or the upward pressure on prices for Canadians as the government here retaliates. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BOC":"Boston Omaha Corporation","BK4009":"广告"},"translate_title":"加拿大央行麦克勒姆表示，提供利率指导似乎没有用——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BOC":1},"content_text":"1212 ET - Missing from the Bank of Canada's policy-rate decision, a quarter-point cut to 3%, was any semblance of rate guidance. In December, it signaled rates could be headed down further but a gradual pace. Gov. Tiff Macklem told reporters that the missing guidance is easy to explain, and circles back to President Trump's tariff threat. \"There's a lot of uncertainty out there, and it just didn't seem very useful to provide guidance,\" he says at press conference. Macklem says future rate decisions will depend on which of the forces is more powerful: either the expected downward hit to growth from tariffs of 25%; or the upward pressure on prices for Canadians as the government here retaliates. (paul.vieira@wsj.com; @paulvieira) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 29, 2025 12:12 ET (17:12 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}