Ontario Prime Minister Doug Ford once again asked the Banque du Canada to lower its key rate to deal with the impact of Donald Trump’s customs tariffs on the Canadian economy.
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Consumer prices climbed an average of 1.7% from one year to other year in July, according to statistics Canada data, 0.2% less than the previous month across the country.
“With the fall in the inflation rate and the direct impact of Donald Trump’s prices on Canadian workers, the Canada Bank must lower interest rates now so that our economy can continue to grow and that our workers keep their jobs,” Ford wrote in a publication on X on Tuesday morning.
The latter also criticized the Canadian Central Bank last month when maintaining the key rate at 2.75% for the third consecutive time.
If the inflation rate is decreasing across the country, it is in Quebec that it is the highest, to 2.3%, an increase of 0.1% compared to June.
The next update of the key rate is scheduled for September 17.
