News / Imran Iqbal - 4 years ago
Bank of Canada Cuts Overnight Rate by 50 Basis Points to 0.25% - State ..
The Bank of Canada cut the overnight rate by 50 basis points to 0.25 percent in an effort to stimulate the country's the economy amid the novel coronavirus (COVID-19) pandemic that has wreaked havoc on the global markets and economies, the Bank announced in a statement on Friday