Bank of Canada shocks markets with cut in key interest rate

[rwana]

http://i.cbc.ca/1.2921722.1421859730!/cpImage/httpImage/image.jpg_gen/derivatives/16x9_460/boc-policy-report-20150121.jpg The Bank of Canada surprised markets today by cutting its key overnight lending rate by a quarter of a percentage point, citing the economic threat posed by plunging oil prices.


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