Bank of Canada cuts key interest rate to 4.25%, citing cooling inflation

In its third consecutive cut since June, the Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, citing the continued easing of inflation. 

Bank of Canada cuts key interest rate to 4.25%, citing cooling inflation
A man sitting at a desk holds his hands up as if he is measuring something or pushing something down.

In its third consecutive cut since June, the Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, citing the continued easing of inflation.