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5 Articles
5 Articles
Bank of Canada Cuts Rates to 2.25%, Warns of Structural Economic Damage
Dan Knight Governor Tiff Macklem concedes the downturn runs deeper than a business cycle, citing trade wars, weak investment, and fading population growth as permanent drags on Canada’s economy. In an extraordinary press conference on October 29th, 2025, Bank of Canada Governor Tiff Macklem stood before reporters in Ottawa and calmly described what most Canadians have already been feeling for months: the economy is unraveling. But don’t expect h…
Trade Dispute with U.S. Continues to Cause Economic Uncertainty in Canada
The Bank of Canada is warning that current economic weakness in the country is more than just a cyclical downturn. Governor Tiff Macklem says after six months of a trade dispute with our neighbours to the south, the impact of tariffs and continued uncertainty are having an impact. Tiff Macklem (CPAC) “U.S. trade conflict has diminished Canada’s economic prospects,” says Macklem. “The structural damage caused by tariffs is reducing the productive…
Canada’s central bank cut its benchmark interest rate to 2.25%, claiming that the economy, weakened by US President Donald Trump’s tariffs, was experiencing a “structural adjustment” as relations with the US evolved. The one-quarter cut meant the Bank of Canada’s second consecutive cut in revenue. Ever since Trump returned to office in January, Canada’s central bank closely observes the effects of its protectionist trade policies. “The weakness …
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