You blink, and another interest rate decision is not even 24 hours away, begging the question of whether the Bank of Canada will make last month’s cut the start of a trend by bringing the policy rate to a more palatable level, or leave it be at 4.75% until their next meeting in September.In what now...| STOREYS
Months of speculation came to a head on Wednesday when the Bank of Canada (BoC) announced the first interest rate cut of the cycle. The long-awaited and much-anticipated move from the central bank was a decrease of 25 basis points, bringing the policy rate to 4.75%. The rate has sat at 5% since ...| STOREYS