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22 April 2008
Bank of Canada lowers overnight rate target by 1/2 percentage point to 3 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 3 per cent. The operating band for the overnight rate is correspondingly lowered, and the Bank Rate is now 3 1/4 Read More...

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Filed under: Market Conditions, Announcements, Finances, Canadian interest rates, Bank of Canada