Yvan Baker
Yvan Baker
Member of Parliament for Etobicoke Centre
Bank of Canada cuts interest rate to 4.25%
September 4, 2024
BREAKING NEWS: Citing cooling inflation, the Bank of Canada today lowered the interest rate for the 3rd time in a row.
 
The key interest rate is now down to 4.25%. The Bank also signaled that more rate cuts are still to come.
 
Canada is now the first G7 country to cut the interest rate 3 consecutive times.
This is welcome news. Our plan to create the economic conditions for interest rates to come down is working. We’re on the right path.
 
May be an image of text
Main office - Etobicoke
577 Burnhamthorpe Road, Suite 2
Etobicoke, Ontario
M9C 2Y3

Telephone:
416-249-7322

Fax:
416-249-6117
Show Map

Hill Office
House of Commons
Ottawa, Ontario
K1A 0A6

Telephone:
613-947-5000

Fax:
613-947-4276
Show Map