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Canada

Prime interest rate drops a half point, Bank of Canada points to slower pace

5th consecutive reduction since June reduces central bank’s key rate to 3.25%

By: Caledonia Courier
  • Dec 12 2024
  • 7
  • 99 Views
Prime interest rate drops a half point, Bank of Canada points to slower pace
Prime interest rate drops a ha
5th consecutive reduction since June reduces central bank’s key rate to 3.25% The Bank of Canada lowered its key interest rate by half a percentage point today but signalled a slower pace of rate cuts moving forward. The decision marked the fifth con... [1228 chars]

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