National Business Columnist, @financialpost. Senior Fellow, @CIGIonline. Occasionally, @NBCNewsTHINK.
Mar 4, 2020 • 7 tweets • 1 min read
Bank of Canada matches Fed, cuts benchmark rate a half point to 1.25 per cent, citing COVID-19. “The outlook is clearly weaker now than it was in January,” the BoC said. 1/n #cdnecon $CAD
BoC says it “stands ready to adjust monetary policy further if required to support economic growth and keep inflation on target.” 2/n