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Bank of Canada cuts key interest rate to 3.25% with slower pace of cuts going forward

Bank of Canada cuts key interest rate to 3.25% with slower pace of cuts going forward

The Bank of Canada lowered its interest rate by 50-basis points to 3.25 per cent on Wednesday, but signalled a slower pace of rate cuts moving forward as it focuses on keeping inflation close to target.Economists were largely expecting another weighty cut following a quarterly GDP report that saw growth come in below the central bank's […]

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