Bank of Canada reduces key interest rate

The Bank of Canada announced today a reduction in its key interest rate to 4.5%. Governor Tiff Macklem indicated during a news conference that further cuts may be considered if inflation continues to decline.

Concerns arose in May when inflation climbed to 2.9%, leading to doubts about potential rate cuts in July. However, June’s inflation report showed a decrease to 2.7%, indicating a stabilization in price pressures.

Analysts are now speculating that the Bank of Canada could pursue additional rate cuts based on these recent developments.

Loads of money.
Map of Snowfall Warning, March 13, 2025

Snowfall Warning in effect

Snowfall is expected to become heavy at times this morning. Before the snow ends tonight, 10 to 20 cm of snow is expected. Surfaces such as highways, roads, walkways and parking lots may become difficult to navigate due to accumulating...

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