The Bank of Canada has consecutively lowered its interest rate by 25 basis points to 4.25% for the third month in a row, aligning with market expectations. This marks the third rate cut since the initial reduction in June, driven primarily by sluggish economic growth, a high unemployment rate, and easing inflationary pressures.
Inflation levels and employment figures are the key data points closely monitored by the...

The Bank of Canada cut interest rates by 25 basis points to 4.5% for the second consecutive month, in line with market expectations, and hinted at further rate cuts in the future. This is the second action since the first rate cut in June, when Canada became the first G7 country to enter an easing cycle. The easing of inflationary pressure is the main reason for the rate cut, with CPI falling from a high in May to 2.7...