How BOC’s Latest Interest Rate Affects Equipment Financing?
Planning to finance your business equipment? Want to know if the latest interest rate cut could help you in sealing a low cost finance deal? In its latest announcement, Bank of Canada announced a significant overnight rate cut of 50 basis points, taking the current rate down to 3.75% from previously 4.25%.
Along with this, the Bank of Canada’s Governing Council issued its quarterly Monetary Policy Report, which included predictions for inflation, economic growth, and risk assessments for the Canadian economy.
