Bank of Canada cuts interest rate

FULL TEXT- Bank of Canada cuts rates by 25 bps
OTTAWA, March 12 (Reuters) - The Bank of Canada released the following text of opening remarks by Governor Tiff Macklem on Wednesday:
Bank of Canada cuts interest rates: Read the official statement
The Bank of Canada today reduced its target for the overnight rate to 2.75 per cent, with the bank rate at three per cent and the deposit rate at 2.70 per cent. After a period of solid growth, the U.S. economy looks to have slowed in recent months.
Bank of Canada cuts interest rate amid trade war
Amid Canada’s trade war with the U.S., the Bank of Canada announced another rate cut. The Bank of Canada announced it reduced the target for the overnight rate to 2.75 per cent. This follows the January rate cut to three per cent.
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