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Bank of Canada cuts rates for third time in a row, to 4.25%

By Michele Maatouk

Date: Wednesday 04 Sep 2024

(Sharecast News) - The Bank of Canada cut its benchmark rate on Wednesday to 4.25% from 4.5%, in line with economists' expectations, amid easing inflationary pressures.
This marked the third rate cut since June. The Bank said it reflects the fact that headline and core inflation have continued to ease as...

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