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2025-07-30 23:12:24
[Oxford Economics: Tariff Uncertainty Dominates Bank of Canada Policy] Tony Stilo and Michael Davenport of Oxford Economics stated that President Trump's threat to increase tariffs on Canadian goods starting August 1st is a key factor in the Bank of Canada's wait-and-see approach. Economists expect interest rates to remain unchanged in the short term, but do not rule out the possibility of a 25 basis point rate cut. The policy rate will not fall below 2% unless inflation is under control and the weak economy requires stimulus. (Dow Jones)
