Experts anticipate Bank of Canada interest rate cuts tomorrow ahead of tariff threats [Video]

Canadian economists predict the Bank of Canada’s interest rate will be slashed tomorrow due to the pressure of a U.S. trade war.

The key interest rate — or overnight rate — is a national metric for mortgage loans, which recently had a rate cut in January, reducing it to a three per cent standard.

Real estate experts at Wahi surveyed 17 finance experts, including mortgage brokers, realtors and economists of various backgrounds to gain perspective on what form an upcoming rate cut may take.

As U.S. political fervor threatens Canada with tariffs, would-be annexation and a trade war, financiers and economists predict that the Bank of Canada will likely announce another interest rate cut tomorrow, March 12, 2025.

Using a pool of 17 experts, Wahi’s survey divided predictions for an upcoming rate cut as such:

• One expert: Believe the interest rate will be cut by 50 bps (basis points)
• 10 experts: Believe the interest …