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Placeline/People

City Vaughan

Country Canada

Bank of Canada cuts key interest rate target to 0.25 per cent

The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement Friday. Bank governor Stephen Poloz says the goal of the decision is to restore market functioning and help create a bridge for businesses and consumers over the economic shutdown linked to curbing the spread of COVID-19.

Source name:

Unique identifier: CP17161964

Legacy Identifier: n_Poloz-COVID20200327T1300

Type: Video

Duration: 1m49s

Dimensions: 1920px × 1080px 126.33 MB

Create Date: 3/27/2020 1:00:00 PM

Display aspect ratio: 16:9