Bank of Canada Lowers Key Interest Rate

In its third consecutive cut since June, the Bank of Canada lowered its key interest rate to 4.25 per cent on Wednesday, citing the continued easing of inflation. But some experts say this pace of cuts is too gradual, and that more decisive action is needed. This cut aims to stimulate economic activity by making borrowing cheaper. The move reflects a shift in monetary policy as inflationary pressures subside, signaling a potential easing of financial conditions for consumers and businesses.