The Bank of Canada cut its key interest rate by a quarter of a percentage point to 2.75 per cent as a cloud of uncertainty looms over the Canadian economy thanks to a trade war with the United States.

The trade spat put the Bank of Canada in a difficult position as tariffs will likely result in a hit to economic growth, but it could also lead to a flare in inflation{ai:summary}<p>The Bank of Canada has reduced its key interest rate by 0.25 percentage points to 2.75%, amid growing uncertainty in the Canadian economy linked to a trade conflict with the United States. </p><p>This decision reflects concerns over economic stability and potential impacts on trade relations. #economy</p>

Bank of Canada cuts benchmark rate to buffer economy against tariffs

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