Canada’s Soft Landing: Inflation Down, Interest Rates Falling, Economy Growing
On October 22, 2024, the Bank of Canada reduced its policy interest rate by 50 basis points to 3.75 per cent, down from a 5 per cent peak in June 2023. Further reductions in the policy rate, as well as household and business interest rates, are anticipated in the months ahead. Statistics Canada’s latest releases for inflation and output tell...