Here are five things you need to know this morning
Bank of Canada rate decision: The Bank of Canada is set to make an interest rate announcement and publish updated economic forecasts for the first time since January today. The central bank lowered its interest rate by a quarter point to 2.5 per cent last month in its first cut since March. Most economists expect the bank will deliver another cut this morning as the economy weakens in the face of U.S. tariffs. BNN Bloomberg will have live coverage of the announcement at 9:45 a.m. eastern time, as well as Tiff Macklem’s news conference at 10:30 a.m., and expert analysis throughout the day.
U.S. Fed expected to cut rates: The U.S. Federal Reserve Board is also set to announce its latest interest rate decision, at 2:00 p.m. eastern time. Bloomberg News says expectations are that officials will lower rates by a quarter percentage point and Chair Jerome Powell will offer little guidance on what comes next, as a growing divide among policymakers blurs the path ahead. U.S. President Trump continues to pressure the Fed to keep cutting rates.
Boeing takes US$4.9 billion charge: Boeing is taking a US$4.9 billion accounting charge and delaying the launch of its 777X jetliner. The 777X is a strategically important aircraft, which is now running seven years behind schedule amid tough regulatory scrutiny and is set to be released in 2027. Boeing has now reported almost $16 billion in total charges for this model. Boeing also reported an increase in jetliner deliveries drove it back into cash-positive territory for the first time in nearly two years
BCE nominates new board chair: BCE is nominating Louis Vachon as the chair of the board in May 2026 when current chair, Gordon Nixon, retires. The nomination is contingent on Vachon’s re-election as a director by BCE shareholders. Vachon joined the board in 2022 and was the CEO of National Bank from 2007 to 2021. BCE is the parent company of BNN Bloomberg through its Bell Media division.
Risk warning for retirement savings: Two prominent U.S. senators are sounding alarm bells about the level of risk in American’s retirement accounts. In a letter to regulators, Elizabeth Warren and Bernie Sanders say U.S. President Donald Trump’s move to let private equity and cryptocurrency become bigger pieces of the average retirement saver’s portfolio could lead to financial harm for millions of Americans. Trump in August signed an executive order easing the path for private equity, crypto and other alternative assets to be added to retirement plans. But the senators warn the products may be too risky, citing lax oversight and greater volatility compared to traditional stocks and bonds.
