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Bank of Canada cuts rates by 50 bps, frets over possible Trump tariffs
The Daily Guardian
|December 12, 2024
The Bank of Canada slashed its key policy rate by 50 basis points to 3.25% on Wednesday and indicated that further cuts would be more gradual, a shift from previous messaging that continuous easing was needed to support growth.
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Bank of Canada Governor Tiff Macklem also said for the first time that the possibility the new administration of U.S. President-elect Donald Trump might impose tariffs on Canadian exports represented "a major new uncertainty."
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