Investing.com -- The Bank of Canada cut its benchmark interest rate by 25 basis points to 2.25% on Wednesday, bringing rates down for the second consecutive meeting amid mounting economic headwinds. Governor Tiff Macklem said the move reflects “ongoing weakness in the economy and contained inflationary pressures,” as Canada grapples with the fallout from escalating US protectionism.
In its October Monetary Policy Report, the central bank projected that Canada’s GDP would grow just 1.2% in 2025,
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Canada’s central bank trims rate again due to pressure from US tariffs By Investing.com https://share.google/Osf3esddFLKJYTYMR