The Bank of Canada is expected to cut its benchmark interest rate when it makes its first rate announcement of 2025 at 9:45 a.m. ET today. The decision would mark the sixth consecutive interest rate cut from the central bank since June, bringing the rate to 3 per cent. Economists widely expect that the Bank will cut rates by 25 basis points, a step down from the last two jumbo 50 basis point cuts issued by the bank. According to a Reuters poll of economists, 80 per cent of respondents expect a 25 basis point cut on Wednesday.
Live updates: Bank of Canada expected to cut key interest rate by 25 bps this morning amid Trump tariff threats
