The Bank of Canada lowers its benchmark rate to 4.75%
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June 11, 2024
This Guest Blog Brought To You By: Maryann Chase, TMG Mortgage Group The Bank of Canada has delivered its first rate cut, lowering its key lending rate by 25 basis points to 4.75% (previously noted as 5.00%). This is the central bank’s first rate cut since the pandemic in March 2020. In its...