There could be good news on the horizon for Canadians, as the Bank of Canada is set to make an interest rate announcement this week.

In September , Canada’s central bank announced that it was lowering its lending rate by 0.25 points from 2.75 to 2.5 per cent. This came after three interest rate holds that began in April .

Now, experts say another interest rate cut could be on the way, with the Crown corporation set to make its announcement on Wednesday, Oct. 29.

Penelope Graham, mortgage expert at Ratehub.ca, said that Canada’s “sputtering economy” will likely compel the Bank of Canada to cut its benchmark rate once again by another 0.25 per cent.

“Business sentiment continues to be low, with the BoC’s latest survey indicating that firms don’t expect to hire next year, and that exp

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