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Bank of Canada cuts key rate to 0.50%

posted by Avatar grink 1180 days ago in CAD, Retail Sales, Employment made popular 1180 days ago

As expected, the Bank of Canada cut its key benchmark-lending rate on Tuesday by another 50 basis points, to 0.50%, to spur an economy that it acknowledged is deteriorating at a faster pace than expected, and indicated it would, if required, begin buying back government bonds in an effort to inject monetary stimulus in the economy.
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