Sameer Amini

In a bid to strengthen the Canadian economy and keep inflation close to its two per cent target, the central bank slashed the policy rate by 50 basis points to 3.25 per cent. This is the fifth consecutive cut by the bank since June, reducing the key rate by 1.75 percentage points from five per cent in just six months.

“Going forward, I expect the governing council will be considering further reductions in the policy rate. But, as I said, with the policy rate now a lot lower, if the economy evolves broadly as we’re expecting, I anticipate we’ll be taking a more gradual approach.” - Governor Tiff Macklem

"Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week, which would bring its key rate down to 3.25 per cent.

Statistics Canada's latest job report tilted expectations in favour of half-percentage point cut."

BoC expected to lower interest rates again, with odds leaning toward larger cut Financial markets and forecasters are betting on another jumbo interest rate cut from the Bank of Canada this week, which would bring its key rate down to 3.25 per cent.

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📢 "The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%."

📢 "The US central bank has lowered interest rates for the first time in more than four years with a bigger than usual cut. The Federal Reserve reduced the target for its key lending rate by 0.5 percentage points, to the range of 4.75%-5%."

US goes big with first interest rate cut in four years The Federal Reserve has cut its key lending rate by 0.5 percentage points - a larger cut than expected.