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Bank of Canada Cuts Rates by 50 Basis Points to 3.25%
Posted
December 11, 2024
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December 11, 2024
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1:54Now PlayingThe Bank of Canada cut its benchmark overnight rate by 50 basis points to 3.25%, signaling a potential slowdown in monetary easing. He says the policy focus is now on keeping inflation close to target. The Canadian central bank has now cut rates by 175 basis points in roughly six months.
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