In July, Canada’s inflation rate slowed again to 2.5%, a 40-month low. And at its policy announcement meeting on September 4, 2024, the BoC again cut its key overnight lending rate by 25 basis ...

That led economists at Scotiabank and the Bank of Montreal to join Canada’s four other major lenders in predicting officials would drop the BoC’s overnight lending rate half-a-per-cent to 3.25 ...

Then again, on July 24, 2024, the central bank cut its overnight lending rate by 25 basis points to sit at 4.50%. On September 4, 2024, the BoC cut the key interest rate by another 25 basis points ...