The Bank of Canada has dropped its key interest rate by another 25 basis points.
That brings the interest rate down to 3 per cent.
A potential trade war with the United States has created greater uncertainty in the national economy says Bank of Canada Governor Tiff Macklem.
As of this week, the US government has indicated that the February 1st date set for the imposition of 25 percent tariffs on Canadian goods stands.
Federal government officials have indicated that they’re ready with a response if tariffs are imposed, including an incentive package for Canadian business and workers.