---
title: "Bank of Montreal: Tariffs will guide the Bank of Canada's interest rate decisions in the coming months"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/225427206.md"
description: "Doug Porter, Chief Economist of Capital Markets at the Bank of Montreal, stated that the range of tariffs imposed by President Trump on Canada next week will guide the Bank of Canada's interest rate policy decision on January 29. In a weekend report to clients, Porter wrote, \"The only question for Canada is how much damage (the tariffs) will do to economic growth.\" Porter indicated that, were it not for the threat of tariffs, there is evidence suggesting that the Bank of Canada might not lower interest rates this month, such as robust job creation, a weak Canadian dollar, and other indicators showing a rebound in consumer activity following rate cuts. Porter stated, \"The appropriate response of the Bank of Canada to U.S. tariffs is to cut rates early and cut multiple times.\""
datetime: "2025-01-18T11:37:14.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/225427206.md)
  - [en](https://longbridge.com/en/news/225427206.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/225427206.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/225427206.md) | [English](https://longbridge.com/en/news/225427206.md)


# Bank of Montreal: Tariffs will guide the Bank of Canada's interest rate decisions in the coming months

On January 18th, Jin Shi Data reported that Doug Porter, Chief Economist at Bank of Montreal Capital Markets, stated that the range of tariffs imposed by President-elect Trump on Canada next week will guide the Bank of Canada's interest rate policy decision on January 29th. In a weekend report to clients, Porter wrote, "The only question for Canada is how much damage (the tariffs) will do to economic growth." Porter indicated that, were it not for the threat of tariffs, there is evidence suggesting that the Bank of Canada might not lower interest rates this month, such as robust job creation, a weak Canadian dollar, and other indicators showing a rebound in consumer activity following rate cuts. Porter stated, "The appropriate response for the Bank of Canada to U.S. tariffs is to cut rates early and cut multiple times."

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