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BoC holds at 2.75%, warns prolonged trade war could trigger 2025 recession

BoC left its overnight rate unchanged at 2.75% today. BoC reiterated its intention to “proceed carefully,” noting a wide range of uncertainties. Key among these are the drag from US tariffs on Canadian exports, and the downstream effects on business investment, employment, and household spending. The central bank also flagged concerns about how quickly cost […]

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