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Bank of Canada Cuts 25 Basis Points, Bringing Overnight Rate to The Floor Until 2010

Discussion in 'Fundamental Analysis' started by ActionForex.com, Apr 21, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Bank of Canada cut 25 basis points, bringing the overnight target to 0.25%. With unprecedented openness, the Bank committed to this interest rate until Q2/2010 in order to anchor longer term interest rates. Having cumulatively eased 425 basis points since December 2007, interest rate policy is at its effective...

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