Bank of Canada delivers second consecutive cut to key interest rate, lowering it to 2.25%

Key takeaway:

• The BoC cut its benchmark overnight interest rate by 25 basis points to 2.25 %.

• Canada’s economy is under pressure — exports are weak, business investment is down, jobs in certain industries are slipping.

• nflation is moderate (around 2–3 %), and the BoC sees it moving toward its 2% target which gives them room to lower rates

Link:

https://ca.finance.yahoo.com/news/bank-of-canada-expected-to-cut-its-key-interest-rate-this-morning-amid-deterioration-in-the-trade-outlook-110012674.html