Forecasters expect the Bank of Canada to speed up its pace of interest rate cuts and lower its policy rate by half a percentage point this week. Bank of Canada Governor Tiff Macklem participates in a news conference on the bank's interest rate announcement, in Ottawa, on Wednesday, Sept. 4, 2024. THE CANADIAN PRESS/Justin Tang

With inflation below target, BoC expected to deliver supersized rate cut this week

by The Canadian Press October 20, 2024

written by The Canadian Press October 20, 2024

Forecasters expect the Bank of Canada to speed up the pace of interest rate cuts and lower its policy rate by half a percentage point this week. The central bank's interest rate announcement on Wednesday comes after Statistics Canada reported the annual inflation rate in September tumbled to 1.6 per...

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Economy Inflation

The Canadian Press

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With inflation below target, BoC expected to deliver supersized rate cut this week

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