The Financial Post reports in its Thursday edition that the Bank of Canada reduced interest rates by 25 basis points to 2.75 per cent, marking the seventh consecutive cut amid uncertainties from U.S. tariffs. The Post's Gigi Suhanic writes that this brings total cuts to 225 basis points since rates peaked at 5 per cent in July, 2023. CIBC economist Avery Shenfeld noted that while the rate cut may only be a temporary solution, it was necessary due to falling consumer confidence and slowing investments. He anticipates that growth, rather than inflation, will become the primary economic focus and predicts two more rate cuts by June. He said, "That could be the trough if tariffs come down again, as we still hope will be the case." The BOC warned that tariffs encourage inflation and so it needs to "guard against" that threat. Capital Economics economist Stephen Brown said, "This confirms that the bank is hesitant to commit to much more in the way of policy support and is a risk to our view that the bank will cut at each of the next three meetings." Despite the many risks tariffs pose to the economy, BOC Governor Tiff Macklem has said several times that monetary policy alone cannot neutralize the harm caused by tariffs.