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Bank of Canada Rates Slashed in Half to 0.25%
The Bank of Canada has taken its influential target interest rate to the lowest practical level in an effort to combat what it says is deeper and more widespread global recession. The central bank sliced the overnight rate in half to 0.25% yesterday and Read More...
Bank of Canada cuts interest rate to lowest ever
Canada's central bank cut its overnight interest rate to 0.5 per cent on Tuesday, in yet another attempt to stimulate the country's sluggish economy. The record-low rate cut, the seventh in the last year, was widely expected by economists. "Consistent Read More...
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating Read More...