Bank of Canada delivers second consecutive cut to key interest rate, lowering it to 2.25%
The BoC says the impacts of U.S. tariffs are “more evident” even as the situation remains uncertain, and that the trade conflict “is fundamentally reshaping Canada’s economy.”
The unemployment rate remained at 7.1% in September and wage growth has slowed. Job losses continue to build in trade-sensitive sectors and hiring has been weak nationwide.
In January the bank had forecast the economy would grow by 1.8% in both 2025 and 2026. But citing U.S. trade policy, it now says growth in 2025 will be just 1.2%, dropping to 1.1% in 2026, before recovering to 1.6% in 2027.
The next interest rate announcement from the Bank of Canada is scheduled for Dec. 10, 2025.
@jessicarealty
Jessica Prasad
RE/MAX Sabre Realty
info@ilovehomes.ca
778-241-8946
www.ilovehomes.ca ❤️
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