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.
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Bank of Canada cuts interest rate to 2.75% due to ‘new crisis’ of tariffs
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