Bank-of-canada-interest-rate-cut-september-2024
Bank of Canada Cuts Interest Rate for the Third Time: What It Means for You On Wednesday, September 4, 2024, the Bank of Canada made headlines again with its third consecutive interest rate cut. As anticipated, the central bank reduced its benchmark rate by 25 basis points to 4.25%, reflecting ongoing easing of inflationary pressures. This move aligns with predictions from economists, who had expected this adjustment due to slowing inflation, which dipped to 2.5%…