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Topic: Bank of Canada cuts interest rates amid US tariff threats  (Read 894 times)

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Bank of Canada cuts interest rates amid US tariff threats
« on: January 30, 2025, 01:03:49 am »
Bank of Canada cuts interest rates amid US tariff threats

The Bank of Canada on Wednesday, cut its key lending rate 25 basis points to 3.0 per cent, noting that US tariff threats are creating uncertainty for the economy. “The economy is expected to strengthen gradually and inflation to stay close to target (of two per cent),” the central bank said. “However, if broad-based and


 
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