10/23/2024
The Bank of Canada has reduced its policy rate by 50 basis points to 3.75%, signalling a move to support economic growth and manage inflation. This decision comes as global financial conditions ease, and inflation trends close to the 2% target. The Bank aims to foster stronger growth while absorbing excess supply in the economy. Stay informed on how these changes impact both consumer spending and business investment.
Read more: https://www.bankofcanada.ca/2024/10/fad-press-release-2024-10-23/
