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 rates by 25 bps, warns of tariff crisis
The Bank of Canada trimmed its key policy rate by 25 basis points on Wednesday to 2.75% and raised concerns about inflationary pressures and weaker growth stemming from trade uncertainty and President Donald Trump's tariffs.
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 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.
Bank of Canada to be cautious about future rate moves: Full text
OTTAWA, March 12 (Reuters) - The Bank of Canada released the following statement on Wednesday:
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.
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 ...
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 ...