The Financial Post reports in its Thursday, Sept. 18, edition that the Bank of Canada cut its benchmark interest rate on Wednesday due to a weaker economy and reduced inflation risks. The Post's Jane Switzer writes that the BOC noted that global economic growth is showing signs of slowing after withstanding higher U.S. tariffs and uncertainty. Capital Economics economist Stephen Brown says, "The Bank of Canada's decision to cut by 25 basis points today was of little surprise following the recent softer labour market data and easing of upside inflation risks, although the relatively neutral tone of the bank's policy statement suggests that it is not necessarily expecting to cut rates again in October." Mr. Brown notes the BOC dropped a line from its previous policy statement, which said there may be a need to reduce rates further "if a weakening economy puts further downward pressure on inflation and the upward price pressures from the trade disruptions are contained." Mr. Brown says, "The door [is open] to another interest rate cut this year if, as we expect, economic growth remains weak while core inflation pressures remain under control."