Central Banks
Bank of Canada to Cut as Tariffs Strike Economy
This article is for subscribers only.
The Bank of Canada is likely to cut interest rates for a seventh straight meeting on Wednesday as the country braces for a trade war that will plunge the economy into recession unless there’s a swift resolution.
Economists and markets expect policymakers led by Governor Tiff Macklem to cut the policy interest rate to 2.75%, the lowest level since September 2022.