Bank of Canada Lowers Rates
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jumbo interest ratetorontosun
•Business
Business & Economics
BoC delivers jumbo interest rate cut, signals slower pace of cuts moving forward

74% Informative
The Bank of Canada lowered its key interest rate by half a percentage point today .
The decision marks the fifth consecutive reduction since June .
Governor Tiff Macklem signalled the central bank will likely take a more gradual approach to monetary policy.
The central bank opted for two large rate cuts in a row because inflation and economic growth don't need to be restricted anymore.
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