The Bank of Canada cut its benchmark rate another 25 basis points today to bring it to 4.25%
Most interestingly, they also signalled a willingness to do steeper cuts (not just more cuts but increasing the magnitude of cuts) if the economy were to continue to weaken.
You can read more about it here https://globalnews.ca/news/10732198/bank-of-canada-interest-rate-september-2024/amp/