The Bank of Canada reduced the key interest rate by 25 basis points, bringing it to 3%. Economic uncertainty played a significant role in the rate cut. The next interest rate decision is scheduled for March 12, 2025.

BoC Cuts Rate to 3%
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The Bank of Canada reduced the key interest rate by 25 basis points, bringing it to 3%. Economic uncertainty played a significant role in the rate cut. The next interest rate decision is scheduled for March 12, 2025.
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