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“Bank of Canada Cuts Interest Rates by Quarter Point, Setting New Overnight Rate at 2.5 Percent”

The Bank of Canada has decreased its interest rates by a quarter point, bringing the target for the overnight rate to 2.5 percent. The Bank Rate is now 2.75 percent and the deposit rate is 2.45 percent. This decision comes after the Bank maintained rates for three consecutive meetings.

[Original Post]

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