Bank of Canada set to announce third consecutive interest rate cut today

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 central bank has lowered its policy rate at its last two meetings.The information you need to know, sent directly to you: Download the CTV News AppIts key interest rate currently stands at 4.5 per cent and governor Tiff Macklem has signalled the bank will continue to cut interest rates, so long as inflation continues to