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Bank cuts key rate, likely for the last time

Article Abstract:

The Bank of Canada cut its benchmark rate by one-quarter of a percentage point to 2 per cent, and also hinted that the cut is likely for the last time on April 13, 2004. The 2-per-cent rate matches the level in early 2002 when the economy was suffering from the post Sept. 11 terrorist attacks on the United States.

Author: Stinson, Marian

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2004

Forecasts, trends, outlooks, Economic aspects, Forecasts and trends, Market trend/market analysis

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Street sets odds of a rate cut: Slim to none

Article Abstract:

Bank of Canada is expected to leave interest rates where they are.

Author: Stinson, Marian

Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2003

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Comment about this article or add new information about this topic:

Subjects list: Management, Canada, Interest rates, Company business management, Canada. Bank of Canada

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