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Home : Home Mortgage Loan : Fixed Rate Mortgage : News Articles : FP Posted: Analysts comment on cut

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FP Posted: Analysts comment on cut

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This article related to: Scotia Bank of Canada TD Bank Financial Group United States Central Banking Financial Services Sector Andrew Pyle Charmaine Buskas Derek Holt Jacqueline Thorpe Business Economic Indicators Interest Rates National Economy Public Finance Recessions and Depressions U.S. National Economy

The Bank of Canada cut its overnight interest rate target 25 basis points to 2.25%, citing three reasons: severe strains in financial markets will induce the global banking sector to continue to reduce leverage, restraining growth for some time; the global economy appears to ...

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