Bank of Canada cuts key interest rate to 4.75%

The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank's first rate cut since March 2020.

Bank of Canada cuts key interest rate to 4.75%
A man and a woman in suits sit behind a desk with microphones, flanked by Canadian flags.

The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank's first rate cut since March 2020.