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Bank of Canada cuts interest rate, calling trade war with U.S. 'a new crisis' and warning of 'severe' impact
The Bank of Canada cut its benchmark interest rate by 25 basis points on Wednesday, the seventh consecutive rate reduction as the central bank called the trade conflict with the U.S. “a new crisis” and warned that the economic impact “could be severe.” The decision by the central bank was widely expected by economists and markets, and came even as the economy showed signs of strength to start 2025. But with the trade war looming large over the Canadian economy, and “pervasive uncertainty created by continuously changing U.S. tariff threats” shaking business and consumer confidence, the Bank reduced its ... (full story)
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- Posted: Mar 12, 2025 10:59pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,304
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