Bank of Canada cuts rates to 2.5% as US tariffs bite economy

The Bank of Canada lowered its overnight rate to 2. 5% on Wednesday, responding to mounting economic damage from US tariffs and a slowdown in hiring. The quarter-point cut was the first since March and met predictions from markets and economists. Governor Tiff Macklem, speaking in Ottawa, said the decision was unanimous. “With a weaker economy […] source: https://www.cryptopolitan.com/bank-of-canada-cuts-rates-to-2-5/