Reported about 14 hours ago
The Bank of Canada is anticipated to implement its seventh straight interest rate cut as escalating tariffs threaten to push the economy into recession. With a proposed reduction to 2.75%, the central bank aims to mitigate the economic impact of trade tensions initiated by U.S. tariffs. This ongoing situation prompts concerns from economists regarding Canada’s GDP growth, which could be reduced by 2-4 percentage points, while inflation pressures remain evident despite stronger domestic economic data.
Source: YAHOO