What another interest rate announcement might mean for the economy

As inflation cools, many are anticipating that the Bank of Canada will deliver another cut to its key interest rate, which currently sits at 4.25 per cent. The central bank’s next interest rate announcement is scheduled for Oct. 23, 2024.

What another interest rate announcement might mean for the economy
Bank Bank of Canada Governor Tiff Macklem seen on the screen of a video camera at a press conference.

As inflation cools, many are anticipating that the Bank of Canada will deliver another cut to its key interest rate, which currently sits at 4.25 per cent. The central bank’s next interest rate announcement is scheduled for Oct. 23, 2024.