Bank of Canada cuts key interest rate to 2.25 per cent
The Bank of Canada announced it would be lowering its key interest rate to 2.25 per cent, while the bank rate will sit at 2.5 per cent and the deposit rate VERB at 2.20 per cent.
The Bank of Canada announced it would be lowering its key interest rate to 2.25 per cent, while the bank rate will sit at 2.5 per cent and the deposit rate VERB at 2.20 per cent.
However, Bank of Canada Governor, Tiff Macklem, warned that the rate cut won’t be enough to ease the economic damage of U.S. tariffs.
