The Times of India
Bank of Canada has reduced its key interest rate to 2.5% amidst growing economic concerns. Governor Tiff Macklem cited job losses, a GDP drop in the second quarter, and weakened business investment as key factors. Rising unemployment, now at 7.1%, and the imp…
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Bank of Canada cuts interest rate to 2.5% as GDP shrinks, job market softens
Shreya Biswas
18:24
Bank of Canada has reduced its key interest rate to 2.5% amidst growing economic concerns. Governor Tiff Macklem cited job losses, a GDP drop in the second quarter, and weakened business investment as key factors. Rising unemployment, now at 7.1%, and the imp…
