Read what the Bank of Canada head says on ‘major uncertainty’ of tariffs – National
The Bank of Canada lowered its key interest rate once again on Wednesday, cutting it by 25 basis points to stand at three per cent.
The quarter-point drop is smaller than what the central bank delivered in its previous two interest rate decisions, where it cut the rate by 50 basis points each time.Bank of Canada governor Tiff Macklem, in his remarks following the cut, said the move was part of its effort to restore price stability.But he also cautioned that proposed tariffs by U.S. President Donald Trump create “major uncertainty” going forward.Here’s what he had to say.Tiff Macklem: Good morning. I’m pleased to be here with senior deputy governor Carolyn Rogers to discuss our policy decision and the Monetary Policy Report (MPR). Story continues below advertisement
...










