Reported 1 day ago
The Bank of Canada has reduced interest rates by a quarter percentage point to 3% and eliminated guidance on future rate changes as uncertainties surrounding potential tariffs by the US threaten the economic outlook. The move follows significant rate cuts in the past year, with the bank indicating that while inflation is expected to remain near target, the imposition of tariffs could challenge Canada's economic resilience. The decision reflects growing concerns over the implications of a trade conflict on price levels and economic growth.
Source: YAHOO