Era of sky-high interest rates coming to a close

Regardless of when the rate cut happens, Canada is entering a new era in which the bias is toward lower borrowing costs instead of higher.
Bank of Canada Governor Tiff Macklem has warned the central bank’s key interest rate is going to be much higher in the near future than Canadians got used to in the past 10 years, writes Les Whittington.

OTTAWA—The long-awaited shift toward lower interest rates as set by Canada’s central bank appears to be upon us.

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