Bank of Canada cuts rates

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.
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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 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.
Read what the Bank of Canada head says on ‘major uncertainty’ of tariffs
The Bank of Canada lowered its key interest rate, but its governor warned that U.S. President Donald Trump's proposed tariffs create 'major uncertainty.'
What a sixth Bank of Canada interest rate cut could mean for mortgages as tariffs loom
The tariff threat, coupled with cost-of-living constraints that remain front and centre for many Canadians, might blunt the effects of another rate reduction.
Top Bank of Canada officials speak after latest interest rate cut
Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 basis points to 3%.
Bank of Canada Cuts Rates, Warns of Economic Shock From Trade Conflict
The Bank of Canada on Wednesday cut its benchmark rate for a sixth straight time, and warned of a significant shock to the economy from a U.S.-Canada trade conflict with tariffs of up to 25%.
Bank of Canada cuts interest rates for a sixth straight time
The Bank of Canada announced a 25 basis point cut to its key benchmark rate, bringing it down to 3.0 per cent ・This decision comes at a critical time, as it is the first rate announcement and economic projection since the inauguration of U.
What Trump tariffs could mean for the Bank of Canada's path forward
While economists expect the Bank of Canada to continue its loosening cycle and cut interest rates on Wednesday, U.S. President Donald Trump’s threat of 25 per cent tariffs has left longer forecasts up in the air,
Ontario's 'Captain Canada' calls snap election as Trump tariff threat looms
Ontario premier Doug Ford has triggered an early election in the province, saying he needs a strong mandate to take on the ...
Live updates: Bank of Canada cuts key interest rate by another 25 basis points, flags tariffs as ‘major source of uncertainty’
In December 2024, Governor Tiff Macklem pointed to a 2019 internal simulation of the U.S. imposing significant tariffs. That ...
Canada to speak to partners in a bid to fend off US tariffs, says minister
Canadian Foreign Minister Melanie Joly said on Monday she would soon be talking to counterparts in allied nations in a bid to ...
Singh suggests NDP could help Liberals pass Trump tariff relief
NDP Leader Jagmeet Singh said Tuesday he is open to working with the Liberal government to pass relief measures for workers ...
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.
U.S.-Canada trade deficit is highest in 20 years. Does it justify tariffs?
Canada typically sells more goods and services to the United States than it buys, an issue — or non-issue, according to ...
Vermont leaders push back against U.S. - Canada tariffs
Many industries, including agriculture, technology, and manufacturing, voiced concerns over the possible financial burden.