Début du widget Widget. Fin du widget Widget. The Bank of Canada has lowered its key interest rate to 4.75 per cent, marking the bank's first rate cut since March 2020. Bank governor Tiff Macklem said in published remarks that the bank's monetary policy no longer needs to be as restrictive. And our confidence that inflation will continue to move closer to the two per cent target has increased over recent months, Macklem said.

Source: CBC News June 05, 2024 17:08 UTC