Bank of Canada to lower its key interest rate, economists project – October 22, 2024

Bank of Canada to lower its key interest rate, economists project – October 22, 2024

October 22, 2024 at 12:50 pm  Federal, Politics, Video



The Bank of Canada will make its next rate decision on Wednesday, and economists are widely expecting the Bank to lower its key interest rate by 50 basis points. CIBC’s chief economist even says a 75 point drop could be possible.

CPAC’s Michael Serapio discusses the upcoming announcement with Jim Stanford, an economist and the director of the Centre for Future Work.

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