The Bank of Canada has dropped its key interest rate by .50 basis points to 3.25 per cent.
Interest rate increases were brought in by the federal bank to stem rising inflation, but those measures appear to be working with inflation around the targeted 2 per cent level.
The Bank of Canada is concerned about a slowing economy and threats of US tariffs on Canadian goods exported to the United States.
The cut means greater relief for mortgage holders and those carrying debt.
