The Bank of Canada (B-O-C) has cut its key interest rate for a fourth straight time.
In its biggest move in several years, the B-O-C has cut the rate by 50 basis points to 3.75 per cent.
Analysts say it shows Canada has returned to an era of low inflation.
B-O-C Governor Tiff Macklem says if the economy continues to evolve broadly in line with the central bank’s expectations, more interest rate cuts can be expected.
Be the first to know! Don’t miss out on breaking news and daily updates in your area. Sign up to MyCrestonNow News Alerts.
