Tag: economic recovery

• Bank of Canada Lowers Key Interest Rate to 4.5%

  

  The Bank of Canada announced a cut to its key interest rate this morning, reducing it by a quarter percentage point to 4.5%. This marks the second consecutive rate cut as the central bank responds to easing inflationary pressures and a weakening economic outlook. Bank of Canada Governor Tiff Macklem made the announcement during a…

  Kaleylangille

  July 24, 2024

  Uncategorized

  bank of canada, borrowing costs, business spending, canada, Canadian economy, Canadian Press, central bank, consumer spending, economic forecasts, economic outlook, economic recovery, economics, economy, finance, financial news, financial planning, financial stability, GDP growth, housing market, inflation, inflation rate, inflation target, interest rate cut, July 2024, monetary policy, news, ontario housing market, ottawa, price pressures, rate decision, Tiff Macklem