01/29/2025
BREAKING
The Bank of Canada has lowered its key interest rate by 25 basis points from 3.25% to 3.0% in its first major announcement of the year.
What does this mean?
The cost of borrowing will decrease, making financing less expensive for consumers.
To stay informed about rate updates in 2025, note that the Bank of Canada's announcements alternate between interest rate updates and rate updates accompanied by monetary policy reports and commentary.
Those interested in staying current with market developments should follow the Bank's X account and check for morning updates on the following dates:
Wednesday, January 29, 2025 (rate update, monetary policy report, and commentary), Wednesday, March 12, 2025 (rate update only), Wednesday, April 16, 2025 (rate update, monetary policy report, and commentary),
Wednesday, June 4, 2025 (rate update only), Wednesday, July 30, 2025 (rate update, monetary policy report, and commentary),
Wednesday, September 17, 2025 (rate update only),
Wednesday, October 29, 2025 (rate update, monetary policy report, and commentary), and Wednesday, December 10, 2025 (rate update only).
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