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Bank of Canada cuts interest rate

Bank of Canada cuts interest rate to 2.75% as country faces 'new crisis' from tariffs

The Bank of Canada has cut its overnight lending rate by 25 basis points to 2.75 per cent, it announced on Wednesday, as an ongoing trade war with the U.S. begins to strain the Canadian economy.

NOW Toronto · 3d

Bank of Canada cuts key interest rate amid trade war, here’s what this means for the housing market

The Bank of Canada is once again dropping its overnight rate to keep up with the economic instability amid a trade war.

Financial Post on MSN · 3d

Bank of Canada cuts interest rates: Read the official statement

Here’s the Bank of Canada’s official statement for its rate decision: The Bank of Canada today reduced its target for the overnight rate to 2.75 per cent, with the bank rate at three per cent and the deposit rate at 2.70 per cent.

The BoC rate cut is a penalty for savers and a gift for people with variable-rate mortgages

The best defence for your finances in a trade war is having cash in savings accounts. But by lowering its overnight rate on ...

Wall Street Journal3d

Bank of Canada Cuts Policy Rate to 2.75% as Economy Faces ‘New Crisis’

Tiff Macklem said at a press conference, after cutting the central bank’s target for the overnight rate to 2.75%, down after seven straight cuts from 5% just nine months ago. Trade uncertainty ...

Canada Between A Rock And A Hard Place

The Bank of Canada cut overnight interest rates by 25 basis points yesterday, lowering the banking system’s base rate to 2.75 ...

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Bank of Canada cuts interest rate

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