Bank of Canada lowers interest rates

The Bank of Canada lowered its target for the overnight rate by 1/4 percentage point to 2 3/4 per cent on 3 September. In its press release the Bank said since the last interest rate announcement on 15 July, inflation pressures have continued to ease.

Source: Bank of Canada

The Bank of Canada today announced that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 3/4 per cent. The operating band for the overnight rate is correspondingly lowered, and the

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