It is widely anticipated that the Bank of Canada will lower its policy interest rate by 25 basis points, bringing it to approximately 2.50 percent, as early as September 17, 2025, reflecting broader efforts to respond to softened economic data and growing trade-related uncertainty.
 
Beyond speculation, the chamber network underscores the tangible impacts of interest‐rate changes on the business landscape. In the most recent Canadian Chamber Business Insights Quarterly, companies cite cost pressures from elevated interest and debt levels as a major challenge, with 40 percent noting interest expenses as a direct strain on operations, prompting actions such as investment cutbacks (31%), delayed hiring (22%), and in some cases even reductions in staff (11%).
 
Join us for a luncheon with Tiff Macklem, Governor of the Bank of Canada, hosted by Saskatchewan Trade and Export Partnership (STEP) and the Greater Saskatoon Chamber of Commerce. This highly anticipated event will deliver expert insights into:

• Global trade dynamics
• Inflation trends
• Interest-rate direction
• Key forces shaping the financial environment for businesses and exporters