Reaction to the Bank of Canada lowering key interest rate again

The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts. The central bank says its decision to lower its policy rate by a quarter percentage point was motivated by easing price pressures and weakening economic conditions. Subscribe to CP24 to watch more videos: https://www.youtube.com/Cp24TorontoBreakingNews Connect with CP24: For the latest news: https://www.cp24.com/ For the latest videos: https://www.cp24.com/video CP24 Live and Interactive: https://www.cp24.com/now CP24 on Twitter: https://twitter.com/CP24 CP24 on Facebook: https://www.facebook.com/CP24Toronto/ CP24 on Instagram: https://www.instagram.com/cp24breakingnews/ CP24 on TikTok: https://www.tiktok.com/@cp24breakingnews CP24 Breakfast on Twitter: https://twitter.com/CP24Breakfast CP24 Breakfast on Instagram: https://www.instagram.com/cp24Breakfast --- CP24 is Toronto's #1 source for breaking news.

Reaction to the Bank of Canada lowering key interest rate again
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Channel: CP24  

The Bank of Canada cut its key interest rate for a second consecutive time on Wednesday, but warned the path back to two per cent inflation may be uneven and would ultimately determine the pace of future rate cuts.

The central bank says its decision to lower its policy rate by a quarter percentage point was motivated by easing price pressures and weakening economic conditions.

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Video length: 4:17
Category: News & Politics
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