Bank of Canada cuts key interest rate further to 4.5% – MASHAHER

ISLAM GAMAL24 July 2024Last Update :
Bank of Canada cuts key interest rate further to 4.5% – MASHAHER


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The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists.

Move was widely expected by economists

A photo of a white stone building, taken from a very low angle. The sign reads 'Bank of Canada.'
The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists. (Benoit Roussel/CBC)

The Bank of Canada cut its key interest rate to 4.5 per cent on Wednesday, a move that was widely expected by economists.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master’s degree in journalism from Toronto Metropolitan University. You can reach her at [email protected].

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