The Bank of Canada Cuts Interest Rate by 25 Basis Points, in Line with Market Expectations

By: theblockbeats.news|2025/10/29 14:18:01

BlockBeats News, October 29th, the Bank of Canada lowered its benchmark interest rate by 25 basis points to 2.25%, in line with market expectations, marking the second consecutive rate cut. (FXStreet)

After the U.S. stock market opened, shares of cryptocurrency-related companies showed mixed performance, while the Nasdaq continued to hit new all-time highs.

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