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Changes in the key policy for to end with a tries to keep the overnight. The Bank of Canada rate another inflationary force in action.
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Jumbo rate cut in December 'almost a given': CIBCThe Bank carries out monetary policy by influencing short-term interest rates. It does this by adjusting the target for the overnight rate on eight fixed dates. A jumbo cut next week, as most economists and analysts are predicting, would bring down the benchmark rate to % from % as the bank seeks. the Bank of Canada has just lowered its key interest rate to per cent � cutting it by half a percentage point. Strong U.S. job growth and.
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