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    Bank of Canada cuts key interest rate
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    Placeline/People
    City Ottawa
    State Province Ontario
    Country Canada

    Newsroom Ready: Bank of Canada cuts key interest rate

    The Bank of Canada has lowered its key interest rate for the first time in more than four years. Bank of Canada governor Tiff Macklem says the central bank decided to lower the rate by a quarter of a percentage point, bringing it to 4.75 per cent. (June 5, 2024) 
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    Information
    Source name: 
    The Canadian Press
    Unique identifier: CP171953745 
    Legacy Identifier: r_BoC-Interest-Rate20240605T1440 
    Type: Video 
    Duration: 1m14s 
    Dimensions: 1920px × 1080px     169.55 MB 
    Usage rights: FOR ONE TIME USE ONLY. NO STORAGE FOR FUTURE USE. 
    Create Date: 6/5/2024 6:40:00 PM 
    Display aspect ratio: 16:9 
    Tags
    Bank of Canada
    business
    business and finance
    central bank
    Cut
    economy
    inflation
    interest rate
    news
    Tiff Macklem