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Bank of Canada reduces policy rate by 50 basis points to 3¾%

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Bank of Canada reduces policy rate by 50 basis points to 3¾%
The Bank of Canada today reduced its target for the overnight rate to 3¾%, with the Bank Rate at 4% and the deposit rate at 3¾%. The Bank is continuing its policy of balance sheet normalization. The next scheduled date for announcing the overnight rate target is December 11, 2024. Click here to read more.
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