Bank of Canada delivers 1st rate cut since March 2020
The rate cut came as annual inflation has cooled significantly from decades-highs in 2022, when the Bank of Canada’s tightening cycle began.
![Bank of Canada delivers 1st rate cut since March 2020](https://globalnews.ca/wp-content/uploads/2024/04/bank-of-canada.jpg?quality=85&strip=all#)
The rate cut came as annual inflation has cooled significantly from decades-highs in 2022, when the Bank of Canada’s tightening cycle began.