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2025-09-17 23:25:22
[CIBC: Bank of Canada to Cut Rates Again in October] After lowering interest rates to 2.5% on Wednesday, the Bank of Canada signaled a cautious approach to future rate decisions. The Bank of Canada noted that while price increases appear to be weakening, President Trump's tariff policies still pose inflationary risks. CIBC Capital Markets stated that it believes the Canadian economy's resilience is weakening and that inflation will be contained by a weak job market. The bank is maintaining its forecast for another rate cut in October, lowering the rate to 2.25%.
