The Bank of Canada has cut interest rates for a second consecutive month, bringing its benchmark rate lower as it bids to keep inflation in check while avoiding a recession.

The central bank said this morning that it had lowered the target for its overnight rate by a further 25 basis points, cutting to 4.50% amid general signs that inflation is moderating and the labour market is slowing.

When their bank wouldn’t help them, see response:

Thanks so much Karen. All’s appreciated. You took a million pounds off our shoulders. It was a pleasurable experience.

Thank you again.

LC