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Sunday, December 15, 2024
Canada’s Politics and Government News Source Since 1989
Sunday, December 15, 2024 | Latest Paper

Why the Bank of Canada cut the key interest rate

Tiff Macklem

The 50-basis-point cut, reducing the rate to 3.75. per cent, is ‘to support economic growth and keep inflation close to the middle’ of the one per cent to three per cent range, the Bank explained.