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Sunday, October 27, 2024

Bank of Canada’s Overnight Rate Slashed 50 Basis Points to 3.75%

The overnight interest rate, which had been held at a peak 5.0% from July 2023 until this past June, was cut today by the Bank of Canada’s Governing Council by 50 basis basis points. This doubled the ante of 25 basis points used for previous reductions in June, July and September and brings the rate […]

* This article was originally published here

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