The Bank of Canada has signalled that borrowing costs could fall further in the coming months, after rate-setters cut interest rates for the third time in a row on Wednesday.
The central bank lowered its benchmark interest rate by a quarter of a percentage point to 4.25 per cent, in line with expectations.
Its governor, Tiff Macklem, said after the decision that if inflation continued to fall back towards the central bank’s 2 per cent goal, then it was “reasonable to expect further cuts”.
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