Bank of Canada lowers interest rate to 3.75%
(October 23, 2024)
October 23, 2024
The Bank of Canada lowered the interest rate again by 50 basis points to 3.75%, its fourth consecutive rate cut this year, which is the Bank of Canada's largest rate cut, outside the recent pandemic, since the 2009 global financial crisis.
The recent cut in the Bank of Canada's key interest rate by 50 basis points is a significant move aimed at providing immediate relief to borrower... read more.
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