BoC Cuts Policy Rate by 50 Basis Points to 3.25% | Get Your Mortgage for a LilLez!

Bank of Canada reduces policy rate by 50 basis points to 3.25%, marking the second consecutive half-point cut.Economists predict further cuts, with rates potentially reaching 2–2.25% by mid-2025, aiming for target inflation.The next interest rate decision is scheduled for Wednesday, January 29, 2025.