Bank of Canada cuts interest rate to 2.75%

1 month_ago 23

Business·Breaking

The Bank of Canada has chopped its overnight lending complaint by 25 ground points to 2.75 per cent, it announced connected Wednesday.

Governor Tiff Macklem expected to talk astatine 10:30 a.m. ET

Jenna Benchetrit · CBC News

· Posted: Mar 12, 2025 9:47 AM EDT | Last Updated: 3 minutes ago

The Bank of Canada motion successful Ottawa.

The Bank of Canada has chopped its overnight lending complaint by 25 ground points to 2.75 per cent, it announced connected Wednesday.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is the elder concern writer for CBC News. She writes stories astir Canadian economical and user issues, and has besides precocious covered U.S. politics. A Montrealer based successful Toronto, Jenna holds a master's grade successful journalism from Toronto Metropolitan University. You tin scope her astatine [email protected].

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