Bank of Canada considered leaving rates unchanged, governor tells Reuters
The Bank of Canada considered leaving its key policy rate at 3% ahead of a scheduled announcement before concluding it needed to cut for the seventh consecutive time, Governor Tiff Macklem said in an interview on Wednesday.
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.
Bank of Canada Cuts Rates for Seventh Time, Warns of “Crisis” from U.S. Trade War
The Bank of Canada has lowered interest rates by 25-basis points, saying that the country is “facing a new crisis” due to its ongoing trade
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
The Bank of Canada has cut its key interest rate by 25 basis points to 2.75%. This move comes as the central bank aims to cushion the Canadian economy from the impact of U.S. tariffs. Governor Tiff Macklem and the Bank of Canada had considered leaving rates unchanged.
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 rate as trade war ‘doesn’t bode well’
Economists are expecting a further rate cut by the Bank of Canada on Wednesday as the threat of tariffs by U.S. President Donald Trump continues to loom over Canada.
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 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.
Canadian dollar looks through Bank of Canada rate cut and tariff mayhem — for now
The Canadian dollar rose after the Bank of Canada announced its seventh consecutive rate cut as investors appeared to look through the latest moves by policymakers. On Wednesday, the Canadian dollar was up 0.
Bank of Canada cuts interest rate in face of economic ‘uncertainty’
The Bank of Canada lowered its key lending rate to 2.75 per cent Wednesday but warns Canada is entering a period of economic uncertainty due to a trade war with the U.S.
Canada Tory Leader Fails to Give Vote of Confidence to Bank of Canada Gov. Macklem
Poilievre, during his successful campaign to become Tory leader in 2022, promised to fire Macklem for failing to contain inflation. Starting in March 2022, the Bank of Canada aggressively raised ...
Canada Between A Rock And A Hard Place
The Bank of Canada cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75 ...
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 ...
BoC Governor Macklem: Our estimate of neutral is centred on 2.75%
Bank of Canada (BoC) Governor Tiff Macklem discussed the central bank’s policy outlook and answered questions from the media after the BoC lowered its policy rate by 25 basis points to 2.75% at the ...