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BoC cuts key rate by quarter point to 3% as tariffs threat loom
OTTAWA — The Bank of Canada delivered another interest rate cut today, reducing its policy rate by a quarter-percentage point to three per cent.
It’s the central bank’s sixth straight cut since June, with inflation sitting around two per cent.
It says the cuts are having an impact, with lower interest rates boosting household spending and the economy expected to strengthen.
But the threat of U.S. tariffs is creating uncertainty for the Bank of Canada’s economic outlook.