The Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, the third consecutive cut since June. The central bank said the reduction comes after "continued easing in broad inflationary pressures." The key interest rate was lowered by another 25 basis points, following a pattern established earlier this summer when rates were cut to 4.75 per cent in June and 4.5 per cent in July.
https://www.cbc.ca/news/business/bank-interest-rate-1.7312774
https://www.cbc.ca/news/business/bank-interest-rate-1.7312774
The Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, the third consecutive cut since June. The central bank said the reduction comes after "continued easing in broad inflationary pressures." The key interest rate was lowered by another 25 basis points, following a pattern established earlier this summer when rates were cut to 4.75 per cent in June and 4.5 per cent in July.
https://www.cbc.ca/news/business/bank-interest-rate-1.7312774
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