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

Bank of Canada Slashes Interest Rates as Trade War Wreaks Havoc

Dan Knght With businesses cutting jobs, inflation rising, and consumer confidence collapsing, the BoC scrambles to contain the damage The Bank of Canada just cut interest rates again, this time by 25 basis points, bringing the rate down to 2.75%. On the surface, that might sound like good news—lower rates usually mean cheaper borrowing, easier access to credit, and in theory, more money flowing into the economy. But let’s be clear about what’s a…

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 […]

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.

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.

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