Bank of Canada makes a chunkier rate cut, lowering by half point for 1st time since 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 makes a chunkier rate cut, lowering by half point for 1st time since pandemic
 Bank of Canada signage is shown on a window of a building, with bright yellow fall foliage of trees in the background.

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.