Reported 3 days ago
The Bank of Canada is expected to lower its key benchmark interest rate by 25 basis points this week while also analyzing the potential impacts of new U.S. tariffs on Canadian imports. This decision comes as the central bank faces economic uncertainty following the recent U.S. government change and threats from President Trump regarding a 25% tariff on Canadian goods. Economists anticipate this rate cut, which would reduce the rate to 3.0%, marking the BoC's sixth consecutive reduction, and expect insights into the economic consequences of possible tariffs in their upcoming monetary policy report.
Source: YAHOO