January 22, 2009
Ottawa, Ontario
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January 22, 2009
Release of the Monetary Policy Report Update
The outlook for the global economy has deteriorated since the October Monetary Policy Report, with the intensifying financial crisis spilling over into real economic activity. -
January 20, 2009
Bank of Canada lowers overnight rate target by 1/2 percentage point to 1 per cent
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 per cent.