Bank of Canada cuts rates

Bank of Canada cuts rates, says tariffs could stoke persistent inflation
The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation. U.S. President Donald Trump is promising to impose a 25% tariff on all imports from Canada on Saturday.
Tariff War Would Push Inflation Higher in Canada, Macklem Says
Bank of Canada Governor Tiff Macklem has managed to wrestle inflation back under control. But a looming US-Canada tariff war now threatens to undo his work on price stability.
What a sixth Bank of Canada interest rate cut could mean for mortgages as tariffs loom
A series of five consecutive Bank of Canada (BoC) interest rate cuts through 2024 has offered some relief to mortgage holders and at least a flicker of movement in the housing market, but U.S. President Donald Trump’s tariff threat might blunt the effects of today's rate reduction on household budgets.
Top Bank of Canada officials speak after latest interest rate cut
Below are some key quotes from a news conference by Bank of Canada Governor Tiff Macklem and Senior Deputy Governor Carolyn Rogers on Wednesday after the central bank cut its key policy rate by 25 basis points to 3%.
Bank of Canada Can Ease Tariff Pain But Can’t Fix Damage, Macklem Says
Bank of Canada Governor Tiff Macklem says the central bank can’t repair the economic damage of a trade war with the US — but he’ll do his best to make it less painful.
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Canada’s inflation rate drops to 1.8% in December as sales tax break eases consumer prices
Canada’s inflation rate fell to 1.8% in December, a surprising drop. This decrease is largely due to a sales tax break ...
Canada's inflation rate fell to 1.8% in December, with prices declining during GST break
Canada's inflation rate fell to 1.8 per cent in December, with the federal government's GST holiday contributing to a price ...
Canada's annual inflation rate drops to 1.8% in December on sales tax relief
Karen Vasquez, 44, walked out of jail in Cuba on Sunday, part of a deal brokered by the Vatican under which the Biden ...
Canada Inflation Eases to 1.8% Thanks to Tax Break
Stripping out the effects of the tax holiday, annual inflation ticked up for December to 2.3%.
Fed pauses interest rate cuts as inflation, Trump's plans create uncertainty
The Federal Reserve kept its key interest rate unchanged as officials grappled with uncertainty caused by inflation and ...
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Inflation slows ahead of Bank of Canada’s 1st rate decision of 2025
1:40 Canada’s tax ‘holiday’ has had mixed results, businesses say December’s inflation data offered a mixed bag to the Bank of Canada as it gears up for its first interest rate decision of ...
Inflation in Canada Eases to 1.8% on Trudeau Sales Tax Break
For the first time since 2019, Canadian inflation stayed within the central bank’s target range for a full year, a mark of ...
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Canada Inflation Eases to 1.8% Thanks to Tax Break — 2nd Update
The consumer price index fell 0.4% in December, leaving inflation to ease slightly to a three-month low of 1.8% compared with a year earlier, Statistics Canada said Tuesday. That was in line with ...
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Bank of Canada reduces policy rate by 25 basis points to 3%, announces end of quantitative tightening
The Bank of Canada today reduced its target for the overnight rate to 3%, with the Bank Rate at 3.25% and the deposit rate at ...