Bank of Canada sees tariffs souring investment, confidence


The central bank's governing council viewed the risks to their forecasts for growth and inflation as “reasonably balanced”. — Bloomberg

OTTAWA: Bank of Canada officials have acknowledged that the economic uncertainty created by a potential trade battle support their decision to cut interest rates last month.

The central bank’s governing council agreed that cutting the policy interest rate to 3% “would be helpful” for growth and lead to a better balance of inflation risks.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit rises to 3.97 as US-Iran ceasefire lifts market
Perak Transit names Jeffrey Cheong deputy
EPB eyes transfer from ACE to Main Market
MM Computer moves forward with IPO
Infoline unit to buy RM19mil factories
LSH Capital wins Kuantan road contract
Eckem taps M&A Securities for IPO on Bursa
Inta Bina bags RM32mil construction job
PMW International partners STIDC for Sarawak plant
Wall St set for higher open as US-Iran ceasefire lifts sentiment

Others Also Read