Bank of Canada Debated March Pause Until Tariffs Spurred Cut
This article is for subscribers only.
The Bank of Canada debated holding interest rates steady before ultimately deciding to lower borrowing costs in order to relieve worried consumers and businesses as the trade war struck the economy.
Earlier this month, the bank’s governing council was split between members who believed they should wait for more data before cutting rates, and those who thought US President Donald Trump’s tariff threats had weakened Canada’s economic outlook enough to justify further monetary easing.