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.
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Bank Of Canada Cuts Key Interest Rate By 25 Basis Points For Country: United States. City: Aurora, Little Rock, Naperville, San Mateo, Spokane