Governor Stephen Poloz downplayed the idea of sending interest rates into negative territory
The cut to 0.75% follows last week's decision to reduce the interest rate by 50 basis points
It's the first such move since the financial crisis and downturn just over a decade ago
The central bank’s key target rate is currently at its lowest level since early 2018
The rate cut will make borrowing cheaper, raising concerns about overheated housing markets
The central bank said it may further adjust its key rate if the situation calls for it
Slower economic growth is expected
The poor showing comes just days ahead of the next rate announcement by the Bank of Canada
The central bank plans to create its own digital currency
So-called zombie firms are increasing in numbers, but aren’t a significant risk to the financial system