Bank of Canada Lowers Rates as Tariff Concerns Grow
US Trade Dispute Seen as Key Risk to Economic Growth
Canadian policymakers spent considerable time discussing the possible impact of Trump’s tariffs during the meetings that led to their Jan. 29 rate decision. (David Kawai/Bloomberg News)
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Bank of Canada officials acknowledged that the economic uncertainty created by a potential trade battle supported their decision to cut interest rates last month.
The central bank’s governing council agreed that cutting the policy interest rate to 3% “would be helpful” for growth and lead to a better balance of inflation risks. But policymakers also spent considerable time discussing the possible impact of U.S. Presid…
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