Canada lowers again, may boost money supply

The Bank of Canada cut its benchmark rate to a record low of 0.5% on Tuesday, saying that recent data had revealed a worse-than-expected slowdown. The central bank also said that it could raise the money supply through quantitative or credit easing.

The central bank said that figures for national accounts in the final quarter of 2008 and other measures of aggregate demand pointed to a sharper decline in economic activity and a larger output gap for the first half of this year than was thought

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