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2025-07-30 23:11:13
[The Bank of Canada may cut interest rates due to the increasing impact of tariffs] Andrew DiCapua of the Canadian Chamber of Commerce pointed out that the Bank of Canada maintained the overnight interest rate at 2.75% for the third consecutive time, in line with market expectations. The economist said that trade tensions have become a focus, and the central bank's governing council has made it clear that it will maintain a wait-and-see attitude until the Canadian economic signals become clearer in the coming months. DiCapua believes that the worsening economic situation paves the way for another interest rate cut in the fall. "Given that the reality of long-term tariffs is only beginning to emerge, the central bank is calculating cautiously." (Dow Jones)
