Bank of Canada cuts interest rate to 2.5 per cent
The Bank of Canada reduced its target for the overnight rate by 25 basis points to 2.5 per cent, with the Bank Rate at 2.75 per cent and the deposit rate at 2.45 per cent.
The Bank of Canada reduced its target for the overnight rate by 25 basis points to 2.5 per cent, with the Bank Rate at 2.75 per cent and the deposit rate at 2.45 per cent.
“Today we lowered the policy interest rate by 25 basis points to 2.5 per cent,” said Bank of Canada Governor Tiff Macklem on Wednesday. “Considerable uncertainty remai…
