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overnight lending rate

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Bank of Canada Lowers Rate to 4.5%

by Olawunmi Sola-Otegbade July 24, 2024

by Olawunmi Sola-Otegbade July 24, 2024

On Wednesday morning, the Bank of Canada announced a reduction in its key overnight lending rate, decreasing it by 25 basis points to 4.5 percent from the previous 4.75 percent. …

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overnight lending rate

Bank of Canada Lowers Rate to 4.5%