The Bank of Canada will issue its fourth interest rate update of the year on the morning of Wednesday, June 5.
"Inflation rates are projected to reach central bank targets in 2025," a release about the last update on April 10 reads. The BoC held its key rate at 4.5 per cent — precisely as experts predicted — until June 7, when it was raised to 4.75 per cent. On July 12, the BoC raisedsaid
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