The Bank of Canada delivered its second straight interest rate cut of half a percentage point on Wednesday, but signalled a slowdown in easing for 2025.
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.
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