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The Bank of Canada this morning (Wednesday)cut its benchmark interest rate by a quarter point.
The central bank’s key rate now stands at 2.25 per cent after a second consecutive cut.
Bank of Canada governor Tiff Macklem said in prepared remarks that monetary policymakers feel the policy is at “about the right level” to keep inflation close to the bank’s two per cent target while supporting the economy through tariff disruptions – provided the economy evolves in line with its expectations.
