By Fergal Smith TORONTO -The Canadian dollar tumbled to a near five-year low against its U.S. counterpart on Thursday and bond yields fell as U.S. President Donald Trump repeated his threat of hefty tariffs on goods from Canada and Mexico,

OTTAWA — The potential for U.S. tariffs is clouding the economic outlook for the Bank of Canada as it delivered another interest rate cut, reducing its policy rate by a quarter-percentage point to three per cent.

The Canadian dollar steadied against its U.S. counterpart on Thursday and bond yields fell as the European Central Bank cut interest rates as expected and investors weighed a possible signal that Canada could avoid U.