Bank of Canada cuts rates by half a point but signals ‘more gradual’ pace - National | Globalnews.ca

The central bank’s policy rate now stands at 3.25 per cent after the fifth rate cut in a row.

CIBC chief economist Avery Shenfeld said in a note that he also sees the Bank of Canada continuing to lower its policy rate — albeit at a more modest pace of quarter-point cuts — until reaching a low of 2.25 per cent in 2025.