Following the introduction of new U.S. tariffs, markets experienced notable declines over three trading sessions, moving broader indices into correction territory.

On March 12, 2025, the Bank of Canada (BoC) lowered its key overnight rate by 25 basis points to 2.75%, the central bank’s seventh consecutive cut. While every BoC announcement is watched closely, this latest move drew widespread attention given today’s unprecedented geopolitical and macroeconomic turmoil.

The uncertainty created by Trump's tariff threats against Canada is reflected in increased market volatility that may continue for some time.