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Bank of Canada delivers 1st interest rate cut since March

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Bank of Canada delivers 1st interest rate cut since March

September 17, 2025

Borrowing costs are coming down for some Canadians with variable-rate debt after the Bank of Canada on Wednesday delivered its first interest rate cut since march, lowering its overnight benchmark rate by 25 basis points to 2.5 per cent. Anne Gaviola has more on this and the impact of the latest move from the U.S. Federal Reserve on Canadian households.

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