The Bank of Canada has delivered another much-anticipated interest rate cut, dropping the key rate to 4.5 per cent.
The second consecutive interest rate cut in a row comes as the result of a continued easing in inflation.
However, Bank of Canada Governor Tiff Macklem warns that future interest rate cuts are not a certainty and will depend on where inflation goes.
The annual inflation rate fell back to 2.7 per cent last month, but the Bank of Canada would like to see it down to 2 per cent.