Bank of Canada may halt interest rate cuts after tariff pause

The Bank of Canada building is shown in Ottawa on Wednesday, March 12, 2025. THE CANADIAN PRESS/Sean Kilpatrick The Bank of Canada is likely to pause its rate-cutting cycle this week as rising inflation, weakened employment and U.S. President Donald Trump's retreat from sweeping reciprocal tariffs have reduced the urgency of economic stimulus. Odds for a pause in interest rates were around 58 per cent as of Friday, currency swap market bets showed, a sharp reversal from Wednesday when markets were heavily leaning toward a reduction in interest rates by the BoC next week. Market bets and economists' expectations between…