The Bank of Canada has lowered its key interest rate to 3.75 with a 50 basis-point cut, twice the size of the previous cut.
Wednesday’s 50 basis-point cut is twice the size of previous cut
Jenna Benchetrit · CBC News · Posted: Oct 23, 2024 9:50 AM EDT | Last Updated: 8 minutes ago
The Bank of Canada has lowered its key interest rate to 3.75 with a 50 basis-point cut, twice the size of the previous cut.
More to come.
ABOUT THE AUTHOR
Jenna Benchetrit is the senior business writer for CBC News. She writes stories about Canadian economic and consumer issues, and has also recently covered U.S. politics. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.