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
Last Updated: Tuesday, December 9, 2008 | 9:28 AM ET Comments80Recommend83
8 s) N2 M# Y5 ?$ A. g3 }CBC News
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3 C( e1 o- V" J! K& tThe 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.
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With 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.

"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.

/ S5 T  O- c& a* Z( l/ K! ?* a"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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/ h; k) J" v" t" D! c5 }8 J# gEconomists 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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0 i5 A! s" O+ cIn 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.