Bank of Canada Makes Moves to Protect Against the Price of Crude

The Bank of Canada reduced the bank's overnight rate to 0.75 percent from 1 percent; the first big move by the bank since September 2010. The change in the overnight rate comes amid a drop in the price of crude oil. The bank feels this drop in crude will have a negative effect on Canada's oil-dependent economy. Hear more from the Bank of Canada's Governor Stephen Poloz, as he explains the rate cut:

Presented By:

The Hisey-McDermott Team

CENTURY 21 Miller Real Estate Ltd., Brokerage

467 Speers Rd., Oakville, ON L6K 3S4

Independently Owned and Operated

905-845-9180 x 230

There are no comments

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

The Hisey-McDermott Team

The Hisey-McDermott Team

Sales Representative
CENTURY 21 Miller Real Estate Ltd., Brokerage*
Contact Us

Blog Archives