Why the Bank of Canada Could Be Done Cutting Its Policy Rate for Now

Why the Bank of Canada Could Be Done Cutting Its Policy Rate for Now
The Bank of Canada is seen in Ottawa, on April 16, 2025. The Canadian Press/Justin Tang
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The Bank of Canada has largely kept to the sidelines as it tries to get a sense of how U.S. tariffs will impact the economy—and some economists think it might just stay there.

After a quarter-point cut in March, the central bank held its benchmark interest rate steady at 2.75 percent in April and June.