72
Economics1h 19m ago

The central bank lowered its benchmark overnight interest rate by 25 basis points to 4.75%, the first cut in four years.

Ottawa, Canada

Who
Bank of Canada
What
The central bank lowered its benchmark overnight interest rate by 25 basis points to 4.75%, the first cut in four years.
When
Wed, 10 Jun 2026 12:40:07 GMT · 1h 19m ago
Where
Ottawa, Canada · 45.4215°N, 75.6972°W
Why
Governor Tiff Macklem cited sustained evidence that underlying inflation is easing and the central bank's confidence that price stability is returning.
The Frontline Impact

How this affects you

This signal of shifting global monetary policy may lead to lower borrowing costs for Canadians and potentially influence a more dovish outlook for other G7 central banks.

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