Bank of Canada cuts key interest rate by half point for first time since COVID-19 pandemic

The Bank of Canada has lowered its key interest rate to 3.75 per cent with a 50 basis-point cut, twice the size of the previous cut.

Bank of Canada cuts key interest rate by half point for first time since COVID-19 pandemic
The profile of a seated man in a suit is visible against a backdrop of Canadian flags lined up.

The Bank of Canada has lowered its key interest rate to 3.75 per cent with a 50 basis-point cut, twice the size of the previous cut.