Bank of Canada cuts benchmark interest rate to 0.5%, slashes economic outlook

Bank of Canada cuts benchmark interest rate to 0.5%, slashes economic outlook

Published on July 16, 2015

OTTAWA — It was widely predicted, and now the Bank of Canada has joined private-sector analysts in acknowledging the economy likely slipped into recession in the first half of 2015 — something that hasn’t happened, technically at least, in six years...

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