Weaker Economy, End to some Retaliatory Tariffs Spurred Bank of Canada Cut

Weaker economy, end to some retaliatory tariffs spurred Bank of Canada cut

A weakening economy and the removal of most retaliatory tariffs helped convince the Bank of Canada that a cut to its key policy rate was warranted.

Weaker Canadian Economy, End of Counter-Tariffs Led to Interest Rate Cut: Bank of Canada

Canada’s weakening economy and the lifting of retaliatory tariffs on goods from the United States contributed to the Bank of Canada’s decision to cut its interest rate, the bank says. The Bank of Canada released a summary of deliberations by its governing council that led to the decision to cut the rate to 2.5 percent from 2.75 percent on Sept. 17. The document said three developments over the summer led the council to decide it was the right ti…

Bank of Canada Cuts Rates Amid Uncertain Inflation Outlook

The Bank of Canada has decided to cut interest rates amid ongoing uncertainty surrounding the inflation outlook, according to the minutes released by the central bank. Despite concerns over persistent inflationary pressures and an unpredictable economic environment, policymakers opted for a rate reduction in an effort to support growth and stabilize the economy. The decision marks a notable shift in monetary policy as the Bank navigates complex …

CAD lags majors after BoC cut – BBH

The Canadian Dollar (USD) is underperforming as the BoC’s September minutes underscored trade-policy uncertainty and labor market risks.

BoC sees weaker economy, eased inflation pressures in September cut - Action Forex

The BoC’s September summary showed policymakers debated whether to hold the policy rate at 2.75% or lower it by 25bps. In the end, members judged that the balance of risks had shifted enough to warrant a cut to 2.50%, citing weaker economic conditions and softer inflation pressures. Council members noted three key developments since July […] The post BoC sees weaker economy, eased inflation pressures in September cut appeared first on Action For…