- Joined
- Sep 2, 2007
- Messages
- 12,690
Bank`s key rate cut to record low
OTTAWA — The Bank of Canada has chopped its key interest rate by another half percentage point to its lowest level ever, and warned that the Canadian economy will contract by 1.2 per cent this year. The central bank`s target for the overnight lending rate now stands at 1 per cent – lower than in 1958, when the most-watched policy rate was 1.12 per cent.
http://www.globeinvestor.com/servlet/story...es0120/GIStory/
OTTAWA — The Bank of Canada has chopped its key interest rate by another half percentage point to its lowest level ever, and warned that the Canadian economy will contract by 1.2 per cent this year. The central bank`s target for the overnight lending rate now stands at 1 per cent – lower than in 1958, when the most-watched policy rate was 1.12 per cent.
http://www.globeinvestor.com/servlet/story...es0120/GIStory/