Bank of Canada Lowers Overnight Rate Target By 1/2 Percentage Point To 1 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 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 1 1/4 per cent.

Source: Bank of Canada 

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