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financial worker analyzing business data and working with tablet computer

Banks followed the Bank of Canada, which cut its overnight rate again on Friday

  • By: IE Staff
  • March 30, 2020 March 30, 2020
  • 11:38
Falling interest rates concept

The unscheduled cut is the second this month

Man holding a credit card, typing on laptop, online shopping

The potential measure is in response to the pandemic

The facade of the Royal Exchange in the City of London

“The public demands fast action,” said the central bank’s new governor

Downtown office buildings Toronto

The cut is the second in two weeks

close up view of new 100 Canadian dollar banknotes

The announcement came alongside measures announced by the federal government

Kendra Kaake

Kendra Kaake has learned that understanding investor behaviour is as important as knowing the numbers

Business chart with glowing arrows and world map

Investors accept default risk on bonds that pay less than nothing

Red alert

Downside risks to the economy outweighed the risk of increasing household debt

40556994 - close up image of stock market data on a computer monitor.

The central bank called Covid-19 "a material negative shock'' to the country's economic outlook