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The Bank of Canada lowered its key interest rate by half a percentage point today but signalled a slower pace of rate cuts moving forward. The decision marked the fifth consecutive reduction since June and brings the central bank’s key rate down to 3.25 per cent. Forecasters were widely expecting the jumbo interest rate cut after the November labour force survey […]

The Bank of Canada is raising its key interest rate by half a percentage point, bringing it to 4.25 per cent and the highest it’s been since 2008. It’s also signaling it may pause its aggressive rate hike cycle after today. In a news release, the central bank says there’s “growing evidence” that higher interest […]