Although Canada's economy finished 2024 "in good position," with inflation approaching the two percent objective, Bank of Canada Governor Tiff Macklem stated that continued tariff threats from US President Donald Trump have affected consumer and business confidence.
In the midst of an ongoing tariff war between the United States and Canada, the Bank of Canada lowered its overnight lending rate by 25 basis points to 2.75 percent on Wednesday, March 12, for the seventh consecutive time.
The Bank of Canada Although Canada's economy finished 2024 "in good position," with inflation approaching the two percent objective, Governor Tiff Macklem noted that continued trade threats from US President Donald Trump affected consumer and corporate confidence. Read more...