Posted On Dec 11, 2024

The BOC cut down the policy rate to 3.25%.

Factors that influenced BOC's decision included:

  • Rising unemployment rate to 6.8%
  • Lower economic growth than projected in the 3rd quarter
  • Slowing business investment, inventories and exports.

 

Source: https://www.bankofcanada.ca/2024/12/fad-press-release-2024-12-11/?utm_source=linkedin&utm_medium=social&utm_campaign=fad&utm_content=20241211