Bank of Canada watching economy closely after half-point rate cut
- The Bank of Canada's governing council cut its key interest rate by half a percentage point to 3.25 percent to combat inflation and support economic growth.
- The council noted lower immigration targets and tariff threats from incoming U.S. President Donald Trump as sources of economic uncertainty.
- Members of the council indicated they would consider further rate cuts but would adopt a more gradual approach moving forward.
- The next rate decision and quarterly economic forecast are set for January 29.
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53 Articles
53 Articles
All
Left
14
Center
2
Right
4
Coverage Details
Total News Sources53
Leaning Left14Leaning Right4Center2Last UpdatedBias Distribution70% Left
Bias Distribution
- 70% of the sources lean Left
70% Left
L 70%
R 20%
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