Interest rate drops to 3.75% as Bank of Canada makes another cut

The Bank of Canada made a sizable cut to its key lending rate Wednesday from 4.25 per cent to 3.75 per cent as the global economy continues to expand. The half percentage point cut is the fourth rate cut in a row by the central bank as inflation dropped from 2.7 per cent in June to 1.6 per cent in September.Download the CTV News App for breaking news alerts and video on all the top stories“We took a bigger step today because inflation is now back to the 2 per cent target and we want to kee