19
Jul 2015
Reaction to the Bank of Canada Interest Rate Cut
About Interest Rate With No Comment
Yesterday the Bank of Canada (BoC) announced it was cutting the overnight lending rate from 0.75% to 0.50%. The cut followed a surprise 0.25% reduction in January, which BoC Governor Stephen Poloz later likened to “life saving surgery” as oil prices fell and the Canadian economy suffered as a result. Yesterday’s move had been widely […]
 announced it was cutting the overnight lending rate from 0.75% to 0.50%. The cut followed a surprise 0.25% reduction in January, which BoC Governor Stephen Poloz later likened to “life saving surgery” as oil prices fell and the Canadian economy suffered as a result. Yesterday’s move had been widely […]){kind=link}