INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS

General Joseph Yawney 4 Mar

4 MAR 2020 INTEREST RATES NOSEDIVE AS BANK OF CANADA CUTS RATES 50 BPS The Bank of Canada Brings Out The Big Guns Following yesterday’s surprise emergency 50 basis point (bp) rate cut by the Fed, the Bank of Canada followed suit today and signalled it is poised to do more if necessary. The BoC […]

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Fed cuts its benchmark

General Joseph Yawney 4 Mar

Fed cuts its benchmark On Wednesday, the Bank of Canada followed the Fed and cut its benchmark lending rate by half a percentage point to 1.25%. According to the BoC’s press release, “COVID-19 represents a significant health threat to people in a growing number of countries. In consequence, business activity in some regions has fallen […]

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