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The Bank of Canada cut its interest rate by 25 basis points to 2.25 per cent on Wednesday, but signalled that it may end...
10/29/2025

The Bank of Canada cut its interest rate by 25 basis points to 2.25 per cent on Wednesday, but signalled that it may end its easing cycle there if the economy operates in line with its latest forecast.

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“This was our second straight cut, and reflects ongoing weakness in the economy and contained inflationary pressures,” said Bank of Canada governor Tiff Macklem, according to prepared remarks. “If the economy evolves roughly in line with the outlook in our Monetary Policy Report, governing council sees the current policy rate at about the right level to keep inflation close to two per cent while helping the economy though this period of structural adjustment.”

Samantha@garvinmortgage.ca The Bank of Canada cut its benchmark interest rate by a quarter-point on Wedne...
09/17/2025

[email protected] The Bank of Canada cut its benchmark interest rate by a quarter-point on Wednesday, lowering borrowing costs for the first time since March as U.S. tariffs continue to batter the Canadian economy.
 
As widely expected, the bank’s governing council voted to lower the policy rate to 2.5 per cent from 2.75 per cent. This follows three consecutive rate decisions where the central bank remained on hold.
 
The bank has been reluctant to ease monetary policy amid a trade war with the United States, given the possibility that U.S. tariffs and Canadian counter-tariffs could push up consumer prices and reignite inflation. But that calculus has shifted as unemployment has risen, exports have plummeted and inflation has remained relatively benign.
 
“Considerable uncertainty remains. But with a weaker economy and less upside risk to inflation, governing council judged that a reduction in the policy rate was appropriate to better balance the risks going forward,” said Bank of Canada Governor Tiff Macklem.

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