CP NewsAlert: Bank of Canada cuts key rate to 2.25% in second straight drop

By Canadian Press on October 29, 2025.

OTTAWA — The Bank of Canada has lowered its benchmark interest rate by a quarter point to 2.25 per cent, marking its second cut in a row.

The central bank is signaling its policy rate might now be at the right level to guide the economy through U.S. tariff disruptions but cautions that the outlook is still subject to significant uncertainty.

More coming.

Craig Lord, The Canadian Press