Bank of Canada Cuts Rates to 2.25% as Tariffs Bite and Inflation Persists: What It Means for Forex Traders
The Bank of Canada (BOC) has officially lowered its policy rate to 2.25%, marking a 25 basis point cut as the economy faces pressure from steep US tariffs and slowing growth. While the move is designed to support the economy amid trade disruptions, it also signals that policymakers are balancing between stimulating growth and keeping inflation stable near their 2% target.v
BOC Governor Macklem Highlights Canada’s Trade Challenges and Path Forward
During his speech at the Saskatchewan Trade and Export Partnership Luncheon in Saskatoon, Bank of Canada Governor Tiff Macklem emphasized the vital role of trade in Canada’s economy.