News: Bank of Canada eases key rate, cuts growth estimate.
Half-point cut in line with expectations after cool inflation data
wind8(wind)
The central bank lowered its target for the overnight rate by 50 basis points to 3.0% from 3.5%, with the bank projecting a "deeper and more protracted slowdown in the U.S. economy."
News: Bank of Canada eases key rate, cuts growth estimate.
Half-point cut in line with expectations after cool inflation data
-wind8(wind);
2008-4-22{184}(#31948@43)
The central bank lowered its target for the overnight rate by 50 basis points to 3.0% from 3.5%, with the bank projecting a "deeper and more protracted slowdown in the U.S. economy."