🚨🇨🇦 Urgent: The Bank of Canada announced a 25 basis point cut in interest rates, bringing the interest rate down to 4.75%.

🚨🇨🇦Canadian CPI inflation fell to 2.7% in April.

🚨🇨🇦 The head of the Bank of Canada said it is reasonable to expect further cuts in interest rates if inflation continues to slow.