Bookmark BusinessBreaking 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. …