On Wednesday, the Bank of Canada reduced its interest rate by 25 basis points to three percent as a reaction to ongoing economic challenges, including potential tariffs from the U.S. The recent cut is part of a series of six reductions since June, showcasing a cautious approach following earlier, more aggressive cuts. Bank governor Tiff Macklem indicated a likely deceleration in future cuts, signaling a careful balancing act in response to inflation concerns measured against broader economic pressures.
The Bank of Canada lowered its interest rate by 25 basis points to three percent on Wednesday, marking its sixth consecutive reduction and reflecting economic concerns.
Governor Tiff Macklem stated the bank would likely slow the pace of rate cuts, indicating a shift from prior hefty cuts in response to inflation.
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