September 18, 2025
Bank of Canada Slashes Interest Rate to 2.5% Amid Job Losses and Slowing Economy!
In a surprise move, the Bank of Canada dropped its key interest rate to 2.5%! Why? Because jobs vanished, the economy slowed, and tariffs hit key industries hard. Governor Tiff Macklem said this bold step aims to balance risks as unemployment rises to 7.1%. What’s next for Canada’s economy? Stay tuned!