Foyston | News

Another Unnecessary Rate Cut by the Bank of Canada

In what was one of the more hotly debated decisions in recent memory, the Bank of Canada (BoC) this morning announced a 0.25% decrease in the target for the overnight rate, which now stands at 0.50%. This cut is the second this year and comes almost six months after the BoC’s 0.25% surprise reduction in January.

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