Published 09/04/2024 1:55:00 p.m.

Bank of Canada cuts key interest rate to 4.25%

The Bank of Canada is expected to lower its key interest rate to 4.25 percent, marking its third consecutive rate cut.
This rate cut occurs despite economic growth being stronger than anticipated in the second quarter.
Governor Tiff Macklem indicated that the cuts aim to help the economy recover, with a possibility of further reductions if inflation continues to slow.

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CTV News

Bank of Canada cuts key interest rate to 4.25 per cent

The Bank of Canada has cut its policy interest rate for a third consecutive time. Governor Tiff Macklem says if the economy continues to improve, Canadians can expect more rate cuts later this year.

09/04/2024 12:49:00 p.m.·Canada

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CBC News

Bank of Canada cuts key interest rate to 4.25%, citing cooling inflation

In its third consecutive cut since June, the Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, citing the continued easing of inflation. But some experts say this pace of cuts is too gradual, and that more decisive action is needed.

09/04/2024 1:50:48 p.m.·Canada

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Winnipeg Free Press

Text of the Bank of Canada's decision to cut its key interest rate target

OTTAWA – The Bank of Canada cut its key interest rate target by 25 basis points to 4.25 per cent on Wednesday. Here is the text of the central bank’s […]

09/04/2024 9:23:23 a.m.·Winnipeg, Canada

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Financial Post

Bank of Canada cuts interest rate a quarter point to 4.25%

The Bank of Canada made its third consecutive cut to its benchmark interest rate Wednesday.

09/04/2024 1:55:00 p.m.·Canada

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The Toronto Star

Bank of Canada expected to cut key interest rate Wednesday to 4.25%

Economists widely expect the third consecutive rate cut amid falling inflation, rising unemployment and an economy that is 'struggling.'

09/04/2024 11:45:25 a.m.·Toronto, Canada

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The Epoch Times

Interest Rate Cut Welcome News for Homeowners With Variable-Rate Mortgages

Real estate experts say the Bank of Canada’s third consecutive interest rate cut will be cheered by those with variable-rate mortgages, but it could still be a while yet before lower borrowing costs translate into a meaningful boost to sales activity. “It’s good news that the Bank of Canada is continuing to lower the overnight rate, though we are not likely to see the effects in the housing market for quite some time,” said Ratesdotca mortgage a…

09/04/2024 4:56:02 p.m.·New York, United States

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