The Bank of Canada lowered its key interest rate by 25 basis points on Wednesday, simultaneously opening the door to bigger cuts if the economy slows more sharply in the months ahead. As Anne Gaviola reports, the third consecutive rate cut was widely expected by economists and brings the central bank’s benchmark interest rate to 4.25 per cent.
Bank of Canada
Bigger cuts a possibility as Bank of Canada lowers benchmark interest rate to 4.25%
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