Reader: “The Bank of Canada doesn’t always follow the U.S. Federal Reserve, but it did this week.” Posted By: hobie [Send E-Mail] Date: Friday, 6-Mar-2020

Reader: “The Bank of Canada doesn’t always follow the U.S. Federal Reserve, but it did this week.”

Posted By: hobie [Send E-Mail]
Date: Friday, 6-Mar-2020 00:15:34
http://www.rumormill.news/141876

In Response To: HighImpactFlix: Something HUGE, HISTORIC & HORRIFIC Just Happened While People Were Distracted w/ Super Tuesday! (Swami)

(Thanks,vb. 🙂

Reader vb writes:

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Re: Something HUGE, HISTORIC & HORRIFIC ……….

RE: HighImpactFlix: Something HUGE, HISTORIC & HORRIFIC …….. Posted By: Swami – – I DON’T know anything about ” businesses/ high finance” – but it seem the same happened in Canada –

The Bank of Canada doesn’t always follow the U.S. Federal Reserve, but it did this week. Canada’s central bank slashed its policy rate, by a half-point, on March 4, matching the Fed’s surprise announcement,, 24 hours earlier. The twin announcements — along with various others, in recent days — raised COVID-19 contagion, to the status of economic crisis. The last time the U.S. made an unscheduled interest-rate announcement, was during the Great Recession… the COVID-19 virus is a material negative shock, to the Canadian and global outlooks, and monetary and fiscal authorities, are responding.”

https://business.financialpost.com/news/economy/bank-of-canada-cuts-rate-by-half-a-point – –

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https://www.rumormillnews.com/cgi-bin/forum.cgi?read=141876

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