The Bank of Canada has cut its benchmark interest rate to 4.5 per cent. This is the second straight reduction in the central bank’s easing cycle.
This comes after the Bank of Canada cut its key interest rate for the first time in more than four years in June, marking a major turning point in its fight against inflation.
The move had been anticipated by economists, as inflation continues to cool.
READ MORE: Bank of Canada cuts key interest rate for 1st time in four years
