Bank of Canada cuts key interest rate to 2.5%
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Bank of Canada cuts key interest rate to 2.5%
As trade disruptions slow global economic growth, the Bank of Canada has decided to cut the key lending rate by 25 basis points to 2.5 per cent. The cut was widely anticipated by private sector economists after inflation data from Statistics Canada showed consumer prices rose by 1.9 per cent in August year over year. It’s the first time the ...
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