Bank of Canada Debated March Pause Until Tariffs Spurred Cut

Batten down the hatches? Canadians cut spending amid tariff fears - National

Wary of economic hardships, Canadians are becoming more cautious with spending and planning savings, the Bank of Canada noted in its summary of deliberations on Wednesday.

Bank of Canada says it would have likely held interest rate steady if not for tariff uncertainty

The Bank of Canada's top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the substantial uncertainty around tariffs from the United States.

Bank of Canada Says It Would Have Likely Held Rate Steady If Not for Tariffs

The Bank of Canada’s top decision makers signalled they likely would have hit pause on the interest rate easing cycle earlier this month if not for the substantial uncertainty around tariffs from the United States. That’s according to the central bank’s summary of deliberations released Wednesday, which offers a look at how governing council arrived at its March 12 decision to cut the policy rate by a quarter-point to 2.75 percent. Those high-le…

The Bank of Canada wanted to take a break in the decline in interest rates in its last decision, but decided to reduce its policy rate from 3% to 2.75 per cent due to the risks of trade war with the United States.

Bank of Canada says it would have likely held rate steady if not for tariffs

The Bank of Canada likely would have hit pause on its interest rate lowering cycle earlier this month were it not for the substantial uncertainty around tariffs from the United States.

Bank of Canada considered pausing rate cuts this month amid trade uncertainty

The central bank lowered its benchmark policy rate to 2.75 per cent this month, but the decision was a close one, according to a summary of deliberations