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Bank of Canada cuts interest rates to 2.25%

Brendan Pawliw
By Brendan Pawliw

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.

Something going on in the Prince George area you think people should know about?
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Brendan Pawliw
Brendan Pawliw
Since moving to Prince George in 2015, Brendan has covered local sports including the WHL’s Prince George Cougars, Prince George Spruce Kings, UNBC Timberwolves, Cariboo Cougars AAA, and Northern Capitals U18 female hockey teams. Career highlights include play-by-play during the Spruce Kings' BCHL championship runs in 2018 and 2019, including the Doyle Cup win. He also covered the 2019 National Junior A Championship, the 2017 Telus Cup, the 2022 World Women’s Curling Championship, and the 2022 BC Summer Games. Brendan is the news voice on 94.3 The Goat and Country 97 FM, reporting on crime, real estate, labour, and environmental issues. Outside of work, he officiates box lacrosse and fastball, sits on the Prince George Sports Hall of Fame board, and co-hosts the Hockey North podcast.

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