Bank of Canada Reduces Interest Rates by 50 Basis Points Again
The Bank of Canada has announced its second consecutive 50 basis point interest rate cut, lowering the key policy rate to 3.25%. The decision is aimed at boosting economic growth amid rising unemployment and concerns over potential U.S. tariffs on Canadian exports.
Governor Tiff Macklem emphasized a cautious approach for future rate changes, suggesting gradual adjustments based on economic conditions. Following the rate cut, the Canadian dollar saw a slight appreciation, while markets anticipate another potential reduction in January.
This move highlights efforts to stabilize the Canadian economy in the face of ongoing uncertainties.

PC: gmld.ca

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