Bank of Canada Lowers Interest Rate for the First Time Since Pandemic’s Onset – Belleville Home Buyers Love It
In a move widely anticipated by financial markets, the Bank of Canada has reduced its overnight lending rate target from 5% to 4.75%. This marks the first rate cut since the COVID-19 pandemic began four years ago, bringing the rate back to its level from one year prior. During a scheduled announcement on Wednesday, June … Read more