Bank of Canada policy interest rate cut

Policy interest rate at 4.5%: What is the impact?

ByDRS Payments

Bank of Canada Lowers policy Interest Rate to 4.5%1: A Major Turning Point for the Economy On July 24, 2024, the Bank of Canada made a significant decision by lowering its policy interest rate to 4.5%. This action, aimed at stimulating the economy, has repercussions on various aspects of the country’s economic and financial life….

Bank of Canada and policy interest rate

Policy interest rate cut: Optimize your financial management

ByDRS Payments

The recent announcement by the Bank of Canada regarding a 0.25% policy interest rate cut marks a crucial turning point for businesses across the country. This decision, the first of its kind since March 2020, has elicited diverse reactions within the Canadian economic sector. Businesses, both large and small, are now faced with a new…