Bank of Canada poised to cut rates to 2.25% amid economic slowdown

By Promit Mukherjee OTTAWA (Reuters) -Economists expect the Bank of Canada to make a second consecutive policy rate cut this week due to a slowing economy and high joblessness. Canada's economy contracted in the second quarter by 1.6% as U.S. tariffs on Canadian imports of steel, autos and lumber eroded demand and slashed employment levels. On Thursday, U.S. President Donald Trump suspended all trade talks with Canada. Early estimates indicate the Canadian economy might barely avoid contracting again i ...