The Bank of Canada announced Wednesday its largest cut to the key interest rate since the start of the pandemic, slashing it by 50 basis points from 4.25 per cent to 3.75 per cent.
In the meantime, the Bank of Canada’s policy rate remains in restrictive territory. According to its MPR, the neutral rate is estimated to be in the range of 2.25 per cent to 3.25 per cent, with ...
The Bank of Canada announced Wednesday morning that it has cut its policy rate down to 3.75 per cent, the fourth drop made this year. The bank’s governor Richard Tiff Macklem and senior deputy ...