Bank of Canada announced quarter-percentage point interest rate cut

The Bank of Canada has delivered another interest rate cut today, reducing its policy rate by a quarter-percentage point to three per cent.  It’s the central bank’s sixth straight cut since June, with inflation sitting around two per cent.  It says the cuts are having an impact, with lower interest rates boosting household spending and the economy expected to strengthen.  But the threat of U.S. tariffs is creating uncertainty for the Bank of Canada’s economic outlook.