Key interest rate unexpectedly lowered by Bank of Canada

The looming threat of sliding oil prices forced the Bank of Canada to drop its trend-setting interest rate Wednesday, a surprising move that shows just how much the country's economic outlook has soured in a matter of months.

The central bank, which nudged its key rate down to 0.75 per cent from one per cent, said the rapid oil-price collapse has created many unknowns around economic growth in the oil-exporting nation.

For full story please click Key interest rate unexpectedly lowered by Bank of Canada


There are no comments

Thank you! Your comment has been submitted and is awaiting approval.

Prasad Ari

Prasad Ari

Sales Representative
CENTURY 21 People's Choice Realty Inc., Brokerage*
Contact Me