Bank of Canada cuts key interest rate to 4.25 per cent

The Bank of Canada has lowered its key interest rate by 25 basis points to 4.25 per cent. It’s the third consecutive cut since June. Governor Tiff Macklem says if the economy continues to improve, Canadians can expect more rate cuts later this year. This is a breaking news update. Previous CP story continues below. The Bank of Canada will announce its interest rate decision this morning as forecasters expect it to deliver another quarter-point rate cut. Encouraged by slowing inflation, the