The Bank of Canada has slashed its key interest rate to 2.75 per cent to try to offset U.S. tariffs. Mackenzie Gray explains what the central bank fears the tariffs could cause; and why this “new crisis,” as BoC governor Tiff Macklem describes it, doesn’t compare to the Great Recession or the COVID-19 pandemic.
Global National
Bank of Canada cuts interest rate to 2.75% due to ‘new crisis’ of tariffs
More Videos
-
Winnipeg Jets spread Christmas cheer to children
-
Korean-Canadian Maggie Kang’s ‘KPop Demon Hunters’ gets 3 Golden Globe nominations
-
Zelenskyy reaffirms Ukraine will not concede territory to Russia
-
U.S. Supreme Court case could expand Trump’s presidential power
-
Trump eyes Canadian potash as next tariff target in trade war
-
Conservative motion puts pressure on Liberals’ energy promises
You are viewing an Accelerated Mobile Webpage.
View Original Article