“We’re Now Facing A New Crisis” – Canada Cuts Rates (As Expected), Announces Retaliatory Tariffs The Bank of Canada cut interest rates by a quarter percentage point – as expected – and called the trade battle with the US a “new crisis,” but pushed back on expectations that policymakers were on a predetermined cutting path. “We’re now facing a new crisis. Depending on the extent and duration of new US tariffs, the economic impact could be severe,” Bank of Canada Governor Tiff Macklem said in prepared remarks of an opening statement. Macklem called the uncertainty of the tariff dispute “pervasive”… — Continue at ZeroHedge News : Read More
