Bank of Canada cuts key interest rate to 3.25%

Date:


Business·Breaking

The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday.

Wednesday’s decision marks second consecutive half-point cut

Monument in front of a building that reads: Bank of Canada; Banque du Canada
A sign at the Bank of Canada building is seen in Ottawa on July 24. The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday. (Justin Tang/The Canadian Press)

The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at [email protected].



Source link

Share post:

Popular

More like this
Related