The monetary policy committee of the Canadian think tank CD Howe Institute recommends that the Bank of Canada lower interest rates by a quarter of a percentage point next week. Among the 10 economists on the CD Howe committee, 7 lean towards lowering interest rates by a quarter of a percentage point, while 3 believe it is necessary to lower rates by half a percentage point. The think tank states that President-elect Trump's threat to impose a 25% tariff on Canadian exports is a key area of debate. Some economists believe the impact of the tariffs may be offset, while others are concerned that this could cause a 'significant blow' to the demand side of the Canadian economy.