The Bank of Canada lowered its benchmark interest rate by a quarter-percentage point to 4.75 per cent on Wednesday, marking a significant turning point in the central bank’s efforts to tame inflation. Anne Gaviola has more on what this means for household budgets and whether or not more rate cuts are likely in the cards in the near future.
Economy
What does Bank of Canada’s 1st interest rate cute since 2020 mean for household budgets?
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