Bank of Canada cuts interest rates to 2 per cent

The Bank of Canada announced on Tuesday 13 April that it is lowering its target for the overnight rate by one-quarter of one percentage point to 2 per cent.

The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 2 1/4 per cent.

The Canadian economy continues to adjust to developments in the global economy. These include stronger world demand, higher commodity prices, the realignment of world currencies, including the Canadian dollar, and the intensified c

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