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Placeline/People

City Ottawa

State Province Ontario

Country Canada

Bank of Canada warns of ‘structural’ hit to economy from tariffs

The Bank of Canada lowered its policy rate to 2.25 per cent on Oct. 29, a second consecutive cut as the economy weakens in the face of trade disruption. Governor Tiff Macklem said this could be where the central bank leaves its key rate if the economy evolves according to its forecasts. (Oct. 29, 2025)

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