Reported about 20 hours ago
Minutes from a recent Bank of Canada meeting reveal a split among governors regarding the effectiveness of monetary policy in supporting growth amidst current economic challenges, including U.S. tariffs. While the BoC maintained its key interest rate at 2.75%, some members expressed that further rate cuts might be necessary due to economic slack, while others felt the bank had already provided adequate support. With uncertainties surrounding trade negotiations, the bank is poised to reassess its strategies at the next rate decision.
Source: YAHOO