Bank of Canada lowers overnight rate target by 1/2 percentage point to 1/2 per cent OTTAWA – The Bank of Canada today announced that it is lowering its target for the overnight rate by one-half of a percentage point to 1/2 per cent. The operating
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The Bank of Canada in an effort to stimulate the economy has lowered the overnight lending rate .75% to 1.5%. Mortgage rates should go lower as a result in the next few days. Variable rate mortgages should adjust half to 75% soon. Ideally with interest
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