The Bank of Canada has lowered its key lending rate to 2.5% in response to the economic strain caused by US protectionism and trade tensions. Canada’s GDP shrank significantly in the second quarter of 2025, with exports plummeting due to fading advance orders. Post navigation Trade outlook: Goyal expects 6% export growth in 2025; ‘from $4 trillion economy to a $30 trillion-plus economy’ GST rate cuts: Apollo tyres to pass on benefits to buyers; customers to save Rs 300–Rs 2,000
