A day after announcing that Canada is in recession, the Bank of Canada slashed its benchmark interest rate by three-quarters of a percentage point to 1.5%. It is the most aggressive rate cut since the days after the Sept. 11, 2001, attacks on the U.S. and brings the interest rate to a level that Canada has not experienced since 1958.
more at http://business.theglobeandmail.com/servlet/story/RTGAM.20081209.wrates1209/BNStory/Business/home#
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