Post #15186

CENTRAL BANK MOVE The Bank of Canada cut rates to 2.25% as expected, citing damage from U.S. tariffs and weaker demand. Governor Macklem struck a cautious tone, warning that monetary policy has limited power to boost growth while keeping inflation in check. The BoC now sees inflation averaging 2% in 2025 and GDP growth slowing further — signaling more pressure ahead for the CAD.