Central Bank slashes interest rate for sixth time as American tariffs loom

The Bank of Canada has lowered its key interest rate by a quarter percentage point, bringing it to three per cent.

This is the 6th consecutive cut since June.

In its decision, the central bank cited inflation hovering around 2 per cent and an economy in excess supply.

But it also flagged U.S. trade policy as “a major source of uncertainty” that will test the Canadian economy.

– with files from Vista Radio newswire