Bank of Canada likely to cut rates by 25bps, give tariff impact analysis

The Bank of Canada will most likely trim its key benchmark rate by 25 basis points this week and is widely expected to offer an analysis on the impact of potential U.S. tariffs, economists and analysts said. This is the first time the central bank will announce its rate decision and share projections on the economy since the change in government in the United States, Canada's biggest trading partner. President Donald Trump, who took office last week, has been threatening a barrage of tariffs on Canadian imports since he won the U.S. election in November.