RAW: Bank of Canada explains cut to overnight lending rate

2,308 views · Published 21 January 2015 · 21:22 · Indexed 10 November 2026

Channel: CBC News · 2015 · News & Politics

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The Bank of Canada Governor Stephen Poloz discusses his surprise move to cut the key overnight lending rate by a quarter per cent. He says 'oil price shock' will hurt incomes.   The dollar plummeted following today's decision. 

For the full story:

www.cbc.ca/1.2921370

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