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Bank of Canada lowers key lending rate to 4.5%

By Inquirer - 4 months ago
Montreal, Canada — Canada’s central bank on Wednesday lowered its key lending rate to 4.5 percent, saying the second straight cut of 25 basis points was warranted due to slowing inflation. Canada had held its benchmark rate steady for almost a year at 5.0 percent, the highest level in two decades, before initiating a cut

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