Bank of Canada cuts rates

Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation. U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday.
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Live updates: Bank of Canada cuts key interest rate by another 25 basis points, as Trump tariffs loom
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That study examined the consequences of a 25 per cent tariff on all imports (rather than from specific countries), so there are some limitations to its relevance — but the modelled impacts are nonetheless gloomy.
Bank of Canada cites Trump tariff threats in decision to cut key interest rate to 3%
Bank of Canada governor Tiff Macklem said following Wednesday's announcement that there is not much central bankers can do to offset the economic consequences of a trade war.
Bank of Canada to Downsize Cuts as Tariffs Brew: Decision Guide
The Bank of Canada is likely to cut interest rates by a quarter percentage point on Wednesday as officials lay out their analysis of how US tariffs might derail a soft landing for the Canadian economy.
Bank of Canada cuts rates, says tariff war could be very damaging
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and warned Canadians that a tariff war triggered by the United States could cause major economic damage.
What a sixth Bank of Canada interest rate cut could mean for mortgages as tariffs loom
A series of five consecutive Bank of Canada (BoC) interest rate cuts through 2024 has offered some relief to mortgage holders and at least a flicker of movement in the housing market, but U.S. President Donald Trump’s tariff threat might blunt the effects of today's rate reduction on household budgets.
Canada can dodge tariffs with swift border action, says Trump’s nominee for commerce secretary
U.S. tariffs against Canada could come in two steps, with the first blow coming as early as Saturday if Ottawa can't show it ...
Trump commerce nominee says Canada, Mexico can avoid tariffs, vows stronger China tech curbs
President Donald Trump's nominee to run the Commerce Department, Howard Lutnick, said on Wednesday that Canada and Mexico can ...
The News International17m
Canada announces support for workers, businesses amid Trump’s tariff threats
OTTAWA: The Canadian government has pledged to offer financial aid on the scale seen during the COVID-19 pandemic to support ...
U.S. says Canada can avoid tariffs with border action
President Donald Trump’s pick to lead the Commerce Department said Mexico and Canada can avoid new tariffs due this weekend ...
Ontario leader calls for snap election to fight Trump’s threatened tariffs
The leader of Ontario, Canada’s most populous province, has kicked off his provincial election campaign, saying he needs a ...
Politifact6h
As President Donald Trump readies new tariffs, we examine the impact of his first-term tariffs
Trump has threatened still more tariffs, proposing 25% on goods from Mexico and Canada, an additional 10% on China and 25% on ...
Trump just gave his clearest picture yet of what new tariffs could look like
President Donald Trump has been talking about tariffs for so long that it feels like we know exactly what’s coming. But we kind of have no idea.
Trump Wants to Enact Tariffs That Are ‘Much Bigger’ Than 2.5%
Good morning. Trump wants tariffs to exceed 2.5%. Europe’s IPO pipeline is expected to expand. And Tiffany’s morale-boosting ...