加央行又降息0.75%,利息至50年最低

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Bank of Canada chops borrowing costs to 50-year low
' F) |( O9 Y9 [Last Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
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" Y, Z3 ]* e& {* DThe Bank of Canada chopped a key interest rate by three-quarters of a percentage point on Tuesday as the central bank moves to combat economic weakness.

8 T. c$ N& d  E. p/ pWith the interest rate reduction — which was the biggest drop since one of a similar size in October 2001— the bank's overnight rate now stands at 1.5 per cent, a level not seen since 1958.
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; j9 {2 {7 H  i3 h* \) F"While Canada's economy evolved largely as expected during the summer and early autumn, it is now entering a recession as a result of the weakness in global economic activity," the bank said.

( k$ N) _' ]$ w4 {! e. i"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."
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7 s9 E4 V7 K0 F1 JEconomists had been divided over whether the central bank would cut by one-half of a percentage point or go with a more aggressive reduction.
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8 f) n; G& ~: L! H' VIn the wake of the Bank of Canada's decision, the Canadian dollar was trading down 0.93 of a cent to 78.81 cents US.