The Bank of Canada is set to announce its interest rate decision this morning as economists widely expect a rate cut. Bank of Canada Governor Tiff Macklem speaks during a news conference on the Bank of Canada's rate announcement, in Ottawa, on Wednesday, June 5, 2024. THE CANADIAN PRESS/Justin Tang

BoC’s Macklem says he wants growth to pick back up as bank cuts key rate again

by The Canadian Press July 24, 2024

written by The Canadian Press July 24, 2024

The Bank of Canada appeared to be increasingly concerned about the risk of high interest rates slowing the economy and inflation by more than necessary as it delivered a second consecutive rate cut Wednesday. The central bank's decision to lower its policy rate by a quarter of a percentage poi...

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Bank of Canada Inflation

The Canadian Press

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BoC’s Macklem says he wants growth to pick back up as bank cuts key rate again

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