UPDATE: APR 22, 2008 RATE ANNOUNCEMENT Key rate cut by 1/2 per cent Citing deepening woes in the U.S. economy that could further affect the Canadian and world economies, the Bank of Canada has slashed its key overnight lending rate by one-half per cent to 3 1/2 per cent. The Bank says that further economicContinue reading “Bank Of Canada Cuts Interest Rate – Mar 4, 2008”
Tag Archives: monetary
Bank Of Canada Cuts Interest Rate – Jan 22, 2008
As expected, Bank of Canada cuts the key lending rate by 1/4 per cent. The Bank of Canada this morning announced its expected 1/4% cut in Canada’s mortgage-rate setting overnight lending rate. The anticipated move is made to ensure that the Canadian economy continues to grow, despite continuing struggles in the world economy dealing withContinue reading “Bank Of Canada Cuts Interest Rate – Jan 22, 2008”