The Bank of Canada cut interest rates by a quarter of a percentage point, making it the first Group of Seven central bank to kick off an easing cycle. Policymakers lowered the benchmark overnight rate to 4.75% on Wednesday, and Governor Tiff Macklem said more cuts could be coming. Bloomberg's Michael McKee reports.
--------
More on Bloomberg Television and Markets
Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance:
Visit for business news & analysis, up-to-the-minute market data, features, profiles and more.
Connect with Bloomberg Television on:
X:
Facebook:
Instagram:
Connect with Bloomberg Business on:
X:
Facebook:
Instagram:
TikTok:
Reddit:
LinkedIn:
More from Bloomberg:
Bloomberg Radio:
Bloomberg Surveillance:
Bloomberg Politics:
Bloomberg Originals:
Watch more on YouTube:
Bloomberg Technology:
Bloomberg Originals:
Bloomberg Quicktake:
Bloomberg Espanol:
Bloomberg Podcasts:
Bank Of Canada Cuts Key Interest Rate By 25 Basis Points For Country: United States. City: McAllen, Montgomery, Thousand Oaks, Topeka, West Palm Beach