Tag: inflation outlook

• Bank of Canada Lowers Key Interest Rate to 4.25% Amid Slowing Inflation

  

  The Bank of Canada has reduced its benchmark interest rate for the third time in a row, bringing the rate down to 4.25%. This decision, announced on September 4, 2024, reflects the central bank’s response to cooling inflation and growing concerns about economic growth. The widely anticipated quarter-percentage-point cut follows a series of interest rate…

  Kaleylangille

  September 4, 2024

  Uncategorized

  Bank of Canada interest rate, Bank of Canada rate cuts, Canadian economy, Canadian housing market, economic growth Canada, inflation outlook, inflation rate Canada, mortgage rates Canada, Tiff Macklem