The Bank of Canada has lowered its key interest rate to 3.75 per cent, making a 50-basis-point cut for the first time since the COVID-19 pandemic.
Before Wednesday, the rate stood at 4.25 per cent. Economists were expecting the central bank to go with a larger-than-usual cut, compared to the 25-basis-point downgrades made in June, July and September.
The last time the bank made a cut this size was on March 27, 2020.
I am so buying now!
Rate Cut -.50 I'm Buying More Rentals!
-
NaiveNewbie
- Posts: 208
- Joined: August 21st, 2023, 2:07 pm
Re: Rate Cut -.50 I'm Buying More Rentals!
You must be logged in to read the additional posts in this topic
Who is online
In total there are 748 users online :: 2 registered, 0 hidden and 746 guests (based on users active over the past 999 minutes)
Most users ever online was 11001 on October 2nd, 2024, 4:39 pm
Users browsing this forum: Google [Bot], Rob Kingston Landlord and 746 guests