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Bank of Canada expected to cut key interest rate due to looming Trump tariff threat, political uncertainty
The Bank of Canada is expected to make a quarter percentage point cut to its key interest rate Wednesday morning in the face of political and economic uncertainties in the form of elections and U.S. President Donald Trump’s tariff threats. Experts largely believe the central bank, in its first rate announcement of 2025, will cut its overnight rate to three per cent, according to a Bloomberg survey of 22 economists. Bank Governor Tiff Macklem is expected to emphasize the increasing trade tensions and imminent provincial and federal elections in explaining a likely decision to cut rates, while maintaining a cautious ... (full story)
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- Jan 29, 2025 9:34am Jan 29, 2025 9:34am
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- Posted: Jan 29, 2025 7:31am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 5,574
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