The Bank of Canada cut its overnight rate by 50 basis points to 0.75% on Friday,...
OTTAWA - The Bank of Canada cut its overnight rate by 50 basis points to 0.75% on Friday, its second half-point cut in nine days, as the government pledged C$10 billion in credit support for businesses to stave off a potential recession amid the coronavirus outbreak.
Bank of Canada Governor Stephen Poloz and Morneau held an unprecedented joint press conference to announce the policy changes. Just eight days ago, Poloz said the resilience of the Canadian economy could be “seriously tested” by a coronavirus outbreak.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
EU's Hogan cancels trip to U.S., Canada over coronavirus concerns: EU officialsThe European Union's top trade official has canceled his plans to visit Can...
Les mer »
China's central bank to cut rates soon, analysts predictChina's central bank is expected to cut key rates soon, following a directive from a meeting this week led by the country's second-in-command.
Les mer »
Meghan Markle Has Reunited With Archie in Canada After Finishing Final Royal EventsShe left the UK shortly after her final engagement on Monday.
Les mer »
Meghan Markle Has Reunited With Archie in Canada After Finishing Final Royal EventsShe left the UK shortly after her final engagement on Monday.
Les mer »
Coronavirus Impact: Netflix Shuts Down Film, TV Work in U.S. and Canada as Production Nears StandstillABC's 'Grey's Anatomy,' Apple's 'The Morning Show' and CBS' 'NCIS' have taken a two-week hiatus; Disney TV Studios shut down 16 pilots; others cancel wrap parties as writers increasingly shift to remote operations and the industry responds to the global pandemic.
Les mer »
A Royal Insider Revealed Why Archie Stayed in CanadaBaby Archie didn't join parents Meghan Markle and Prince Harry on their last trip to the U.K. as working royals, and a royal insider explained why.
Les mer »