Canada's central bank lowered its interest rate by 25 basis points ... goods putting direct upward pressure on inflation. The rate cut marks the sixth consecutive reduction since June, but ...

The Bank of Canada on Wednesday trimmed its key policy rate by 25 basis points to 3%, cut growth forecasts and said it was concerned that U.S. tariffs could stoke persistently high inflation.

The quarter-point reduction marks a step down from the Bank of Canada’s moves to cut by an oversized 50 basis points in its two previous decisions.