U.S. tariff threat a ‘major’ source of economic uncertainty: Bank of Canada
U.S. President-elect Donald Trump’s tariff threat is a "major new uncertainty" for the Canadian economy, the governor of the Bank of Canada said Wednesday. The Bank of Canada (BoC) announced its fifth consecutive interest rate drop and second consecutive 50-basis point reduction on Thursday, so the key rate now sits at 3.25 per cent.