Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’
The central bank must balance the risk of tariff-fueled higher inflation and the damage to growth from U.S. trade policy, Gov. Tiff Macklem says.
U.S. trade 'crisis' will drive up prices, Bank of Canada warns after rate cut
Prices will rise, the economy will suffer and the Bank of Canada can't lower interest rates enough to shield Canadians from the worst impacts of a prolonged trade war with the United States.
Bank of Canada cuts rates to counter tariffs, will be cautious about future moves
By Promit Mukherjee and David Ljunggren OTTAWA, March 12 (Reuters) - The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 2.75% and warned of "a new crisis" as it tried to prepare the economy for the damage that President Donald Trump's tariffs could wreak.
Bank of Canada Cuts to 2.75%, to Move 'Carefully' Amid Tariffs
The Bank of Canada cut interest rates by a quarter percentage point and called the trade battle with the US a “new crisis,” but pushed back on expectations that policymakers were on a predetermined cutting path.
Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy
The Bank of Canada lowered its benchmark interest rate by a quarter point on Wednesday as the tariff battle with the United States starts to weigh on the Canadian economy. The policy rate stands at 2.
Bank of Canada cuts interest rates, warned country faces ‘new crisis’
BoC also said it would “proceed carefully with any further changes” to rates given inflationary pressures from tariffs.
Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs
The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.
Bank of Canada cuts interest rate as U.S. Tariffs take effect
The Bank of Canada lowered its benchmark interest rate by 0.25 percentage points on Wednesday. The policy rate now stands at 2.75%. This is the seventh consecutive rate cut by the central bank. The decision follows new U.
Takeaways on tariffs, jobs and more from the Bank of Canada interest rate decision
The Bank of Canada cut its key interest rate for the seventh time in a row on Wednesday, bringing it to 2.75 per cent.
Bank of Canada to Cut as Tariffs Strike Economy: Decision Guide
The Bank of Canada is likely to cut interest rates for a seventh straight meeting on Wednesday as the country braces for a trade war that will plunge the economy into recession unless there’s a swift resolution.
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
Senior Analyst Pablo Piovano from FXStreet noted that if the recovery picks up pace, USD/CAD should face initial resistance at its March peak of 1.4542 set on March 4. A breakout of the latter could ...
Vancouver Island Free Daily3h
B.C. homeowners to get a break on mortgages, but risks remain: experts
The association representing mortgage brokers in B.C. said British Columbians will see lower mortgage payments after the Bank ...
Tiff Macklem outlines what tariffs could mean for inflation in Canada
Bank of Canada governor Tiff Macklem, who cut the bank's key interest rate on Wednesday, said the bank expects tariffs to ...