0854 ET - Canada bond yields rise and the Canadian dollar strengthens on a surprisingly strong 4Q GDP report from Statistics Canada, which indicates growth increased 2.6% annualized--or well above Bank of Canada's expectation for a 1.8% advance. Expectations have been building for weeks that the BOC might hold its policy rate steady next month, after seven straight rate cuts, based on improving data. However, clouding the picture, to no surprise, are President Trump's tariff threats, and on Thursday Trump signaled a 25% levy on Canada and Mexico is in the offing for March 4. While the data might signal rate pause, BOC's call on March 12 will come down to what the White House decides. (Paul.Vieira@wsj.com, @paulvieira)
(END) Dow Jones Newswires
February 28, 2025 08:54 ET (13:54 GMT)
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