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BoC considered lowering rate by quarter point, but felt economy warranted a jumbo cut

OTTAWA — The Bank of Canada considered cutting its key interest rate by just a quarter of a percentage point last month, but opted to take a larger step in the face of a weakening economy and falling inflation. That’s according to the cen


  • Nov 05 2024
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BoC considered lowering rate by quarter point, but felt economy warranted a jumbo cut
BoC considered lowering rate by quarter point, but felt economy warranted a jumbo cut
OTTAWA -- The Bank of Canada considered cutting its key interest rate by just a quarter of a percentage point last month, but opted to take a larger step in the face of a weakening economy and falling inflation. Read More

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