The Bank of Canada announced a 50bps rate cut, lowering the benchmark interest rate from 4.25% to 3.75%, in line with market expectations and the fourth consecutive rate cut. Capital Economics expects the Bank of Canada to continue to cut interest rates by 50 bps in December.
https://ca.finance.yahoo.com/news/live/bank-of-canada-delivers-jumbo-50-basis-point-interest-rate-cut-celebrating-inflation-now-back-to-target-150347403.html