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Published

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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