06/05/2024
The Bank of Canada lowered its overnight rate to 4.75%, with Canada's GDP growing by 1.7% in Q1 2024 and CPI inflation easing to 2.7% in April. Confident inflation will hit the 2% target, the Bank cut the policy interest rate by 25 basis points while monitoring inflation risks.
Click here to read news: https://www.bankofcanada.ca/2024/06/fad-press-release-2024-06-05/