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Bank of Canada cuts key rate by quarter point to 3% as tariffs threat looms

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The Bank of Canada delivered a policy rate cut of 25 basis points, which was expected, but explained the path forward for the country’s economy is uncertain.

The bank will make its next rate announcement on March 12 and in the meantime, Governor Tiff Macklem says the Bank of Canada committee is researching various tariff scenarios, and their impacts.