Bank of Canada cuts key rate for first time since 2020
Wednesday Jun 5th, 2024
ShareAlright folks,. The Bank of Canada is now confident that inflation is easing up sustainably. They're leading the pack, cutting rates before the Bank of England, the European Central Bank, and the U.S. Federal Reserve. "We've made significant progress in our fight against inflation," said Governor Tiff Macklem in Ottawa. "We're more confident now that inflation will keep moving closer to our 2 percent target." Here’s where we stand: The... [read more]