Deep Tide TechFlow news, on October 23, according to China Fund News, the Bank of Canada lowered interest rates by 50 basis points on Wednesday, bringing the benchmark rate down from 4.25% to 3.75%. This is the largest reduction in borrowing costs since the early days of the pandemic in March 2020. The Bank of Canada stated that this is a sign of the country returning to a low-inflation era. In response to soaring prices, the Bank of Canada had previously raised interest rates to a 20-year high, but has now cut rates four consecutive times since June. The inflation rate in September fell to 1.6%, below the 2% target.