Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score

Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score

You can't subject a virus to death by a thousand rate cuts, but central banks are going to make sure nobody can say they didn't try. Just nine days after delivering a 50bps rate cut, the Bank of Canada moved again on Friday, slashing the benchmark rate by another 50bps. It was the first emergency cut by the bank since the crisis. So, for those who aren't great with math, that is 100bps in less than two weeks from the BOC, and it comes on top of Thursday's move to expand the scope of repo opera
Subscribe or log in to read the rest of this content.

One thought on “Loonie Tunes: That’s 100bps This Month From The Bank Of Canada, In Case You’re Keeping Score

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints