UPDATE: JUNE 10 INTEREST RATE ANNOUNCEMENT POSTED HERE April 22nd, 2008 In keeping with its mandate to keep inflation in Canada at the 2% target, the Bank of Canada today announced that it was lowering its overnight lending rate by 50 basis points (one-half per cent) to 3%. Citing deepening economic woes in the U.S.,Continue reading “Bank Of Canada Slashes Key Interest Rate by 0.5%”