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Daily Archives: March 27, 2020

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BANK OF CANADA EMERGENCY RATE CUT

Interest Rate, Market Updates, MortgageBy Terry KilakosMarch 27, 2020

Bank of Canada lowers overnight rate target to ¼ percent The Bank of Canada today lowered its target for the overnight rate by 50 basis points to ¼ percent. The Bank Rate is correspondingly ½ percent and the deposit rate is ¼ percent. This unscheduled rate decision brings the policy rate to its effective lower…

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