The Bank of Canada delivered another interest rate cut, a trim to 4.25 per cent at its Wednesday policy meeting.
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High rates have been a major barrier to new housing construction, but while the Bank of Canada has already cut its benchmark rate twice this summer with more expected ahead, there are other factors at play, he said.
The Bank of Canada delivered another interest rate cut, a trim to 4.25 per cent at its Wednesday policy meeting.
The Bank of Canada delivered another interest rate cut, a trim to 4.25 per cent at its Wednesday policy meeting.
The quarter percentage point rate cut was widely expected by forecasters, given ongoing softness in the economy and easing inflation.
OTTAWA — The Bank of Canada delivered its third consecutive interest rate cut Wednesday, bringing its key lending rate to 4.25 per cent.
The European Central Bank is likely to cut rates by 0.25 percentage points on Thursday
Better than expected inflation outcomes domestically and globally back the case for the central bank to cut the repo rate to 8%, economists said
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The Bank of Canada has cut its key interest rate by 25 basis points to 4.25%, marking the third consecutive The post Bank of Canada Again Cuts Rates...