The Bank of Canada is expected to lower its key interest rate by 25 basis points on Wednesday, as mounting trade tensions and political uncertainty weigh on the country’s economic outlook. With potential US tariffs on Canadian goods looming and both federal and provincial elections on the horizon,

Here’s the Bank of Canada’s official statement for its rate decision:

In its first cut of 2025, the Bank of Canada (BoC) lowered its key interest rate by 25 basis points. On Wednesday, the country's central bank