Interest Rate Announcement: Tariffs Loom Large, Prompt 0.25% Rate Cut
Benchmark Rate Now Sits at 2.75% In a widely expected move, the Bank of Canada implemented its seventh consecutive interest rate cut today, and marked the first interest rate announcement in the wake of the tariff threats from the U.S. The benchmark interest rate now sits at 2.75 per cent. Canada’s economy kicked off 2025…