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Bank of Canada cuts its key interest rate to 2.75% as tariffs roil economy

The Bank of Canada cut its benchmark interest rate by a quarter point to 2.75% as it warns trade uncertainty is already hurting the Canadian economy.
Bank of Canada governor Tiff Macklem says in prepared remarks that trade uncertainty was already causing harm to the economy before tariffs were imposed last week.
Macklem says the central bank will proceed carefully with further changes to interest rates as it weighs the impact of tariffs on inflation and growth.

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The Rio Times

Bank of Canada Cuts Rates to 2.75% as Trump Tariffs Bite Economy

The Bank of Canada reduced its key interest rate by 25 basis points to 2.75% on March 12, marking its seventh consecutive rate cut. Governor Tiff Macklem described the situation as “a new crisis” stemming from escalating trade tensions with the United States. The central bank acted decisively after President Donald Trump imposed 25% tariffs […]

1 day ago·Brazil

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Global News

Bank of Canada cuts interest rate as trade war ‘doesn’t bode well’ - National

The central bank cut its benchmark rate by 25 basis points, bringing it down to 2.75 per cent. This was the bank’s seventh consecutive interest rate cut.

1 day ago·Toronto, Canada

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Victoria Buzz

Bank of Canada lowers interest rate to 2.75% amid economic uncertainty

And in anticipation of US tariffs. The post Bank of Canada lowers interest rate to 2.75% amid economic uncertainty appeared first on Victoria Buzz.

Interest rate cut welcomed by head of Sarnia-area realtors association

Wednesday’s quarter-point drop in the Bank of Canada’s key interest rate was expected, says the president of the Sarnia-Lambton Association of Realtors.

2 days ago·Sarnia, Canada

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grandforksgazette.ca

+3 Reposted by 3 other sources

B.C. homeowners to get a break on mortgages, but risks remain: experts

The Bank of Canada lowered its overnight lending rate to 2.75 per cent Wednesday

2 days ago

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BNN Bloomberg

‘All hands on deck’: Experts react to BoC rate cut as trade war rages on

The Bank of Canada lowered its key interest rate as expected on Wednesday, a move two experts say is likely to be followed by fiscal stimulus from the federal government aimed at helping Canadians weather the ongoing trade war with the U.S.

2 days ago·Canada

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