Reported about 17 hours ago
The Bank of Canada has cut its key policy rate by 50 basis points to 3.25%, noting the potential impact of U.S. tariffs under President-elect Trump as a significant economic uncertainty. This marks the first significant rate drop since the pandemic, with further reductions expected to be gradual. The central bank emphasized cautious monitoring of economic indicators, as growth has slowed, and warned of potential shortfalls in future growth forecasts.
Source: YAHOO