🇨🇦 Canada’s Financial Landscape – April 2025

📉 Stock Market Volatility

• TSX Performance: The S&P/TSX Composite Index experienced significant volatility in April. On April 4, it declined by 3.8%, followed by a 4.6% drop the next day. By April 7, it had reached a seven-month low, influenced by global trade tensions and declining oil prices. ​Wikipedia

• Commodity Prices: Crude oil prices fell to around $60 per barrel, the lowest since 2021, amid recession fears and decreased demand. ​Wikipedia

💰 Inflation and Consumer Prices

• Inflation Rate: Canada's inflation rate stood at 2.3% in March 2025, down from 2.6% in February. This indicates a slight easing in price increases for goods and services. ​Inflation Calculator

• Consumer Price Index (CPI): The CPI data for April 2025 has not been released yet. The next update is expected on May 20, 2025. ​Inflation Calculator

🏦 Monetary Policy

• Interest Rates: The Bank of Canada maintained its key interest rate at 2.75% during its April 16 policy meeting, citing uncertainties related to global trade and economic conditions. ​Mortgage Rates & Broker News+1Bank of Canada+1

🔐 Cybersecurity Concerns

• Cyber Incidents: In April 2025, Burlington Hydro, a utility provider in Ontario, reported a potential data breach involving a third-party vendor. The breach exposed personal information of customers, highlighting ongoing cybersecurity challenges in Canada's infrastructure.