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Bank of Canada cuts interest rate, warns it can do little to offset U.S. tariff impact

January 30, 2025February 25, 2025
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Monument in front of a building that reads: Bank of Canada; Banque du Canada

Canada’s central bank lowered its interest rate by 25 basis points to three per cent on Wednesday, as the Bank of Canada governor warned there is little he can do to negate the economic impact of U.S. tariffs imposed on Canadian imports.

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