Balancing weaker economic growth with persistent inflation, the Bank of Canada has trimmed the interest rate by 25 basis points to 2.75 percent. “There’s no harm in getting back to the mid-point of that range,” said Jeremy Kronick, vice-president of economic analysis and strategy at the C.D. Howe Institute. “Certainly, with this much uncertainty, I think there is a lot of value in signalling that support.”