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.