An economy ‘in need of support’ + Canadians anxious about relatives in Jamaica

An economy ‘in need of support’ + Canadians anxious about relatives in Jamaica

Here’s the latest on the Bank of Canada’s interest rate decision coming later this morning, the Blue Jays bouncing back in the World Series and how Canadians with relatives in Jamaica are feeling.

Outlook for the Canadian economy

By Tiff Macklem The bank lowered the policy interest rate by a further 25 basis points, bringing it to 2¼ percent. This was our second straight cut and reflects ongoing weakness in the economy and contained inflationary pressures. “We also published our outlook for the Canadian economy. We have four main messages. First, US tariffs and trade uncertainty have weakened the Canadian economy. We expect very modest growth through the rest of the year…