Related Story

    Bank of Canada Cuts Rate by 25 Bps to 3%, Ends QT, Warns of Tariff Risks

    Bank of Canada Cuts Rate by 25 Bps to 3%, Ends QT, Warns of Tariff Risks

    58 postsCanadaEconomicsWorldBusiness

    On Wednesday, the Bank of Canada lowered its key interest rate by 25 basis points to 3%, the sixth consecutive reduction since June, as expected. Amid looming threats of U.S. tariffs, which Governor Tiff Macklem described as a 'major uncertainty' that could significantly impact the economy, the Bank also announced an end to its quantitative tightening program and plans to gradually restart asset purchases in early March to support growth and bolster liquidity. The Bank eliminated forward guidance on further adjustments to borrowing costs, noting that the cumulative reduction in the policy rate since last June is substantial. The central bank revised its 2025 GDP growth forecast down to 1.8% from 2.1% and expects inflation to average 2.3% in 2025. The Bank estimated that a global tariff war with the U.S. could reduce Canadian GDP by 2.5 percentage points in the first year and an additional 1.5 percentage points in the second year.

    Proposed Market

    Canada's GDP growth rate for 2025?

    Canada's GDP growth rate for 2025?

    3
    Bank of CanadaTiff MacklemBankCanadian

    Description

    The outcome can be determined based on official GDP reports from Statistics Canada or reputable economic news outlets.

    Market Options

    Related Polymarket Markets

    No similar markets found

    This could indicate a unique market opportunity that hasn't been explored yet.