In a press conference on Wednesday, Bank of Canada governor Tiff Macklem said that threats of new tariffs and uncertainty about the Canada-U.S. trade relationship are having a big impact on business and consumer intentions.
The bank cut the lending rate by 25 basis points to 2.75 per cent amidst the ongoing trade war with the United States.
Economy
Bank of Canada cuts interest rate to 2.75% amid trade war with U.S.
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