More good news if you plan on borrowing money from one of Canada’s big banks.
Today (Wednesday), the Bank of Canada slashed its key interest rate by 25 basis points to 2.25 percent.
The move marks the fourth cut by the central bank in 2025 and the second since March after September’s reduction.
The BOC has been gradually adjusting its monetary policy down from a peak of five per cent in April 2024 after raising rates to curb inflation.
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