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
8 b8 f: f  h7 a' \4 @Last Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
; V1 Z  y8 Y, z) d$ r9 ]CBC News
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- U- z$ Z* z* j0 E' ^The 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 c1 k7 C7 k$ q" `/ W) OWith 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.

0 w/ H$ W+ r1 f" s, t4 d1 o" e+ B"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.
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5 |$ K" l, P+ \$ R' ?% Q! m"The recent declines in terms of trade, real income growth, and confidence are prompting more cautious behaviour by households and businesses."

/ d% P! ]6 N7 Z( K1 t4 \Economists 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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In 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.