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Background of Canadian money: 5,10,20,50,100 dollar bills and coins, loonie, toonie, quarter, dime, nickel, penny

Governor Stephen Poloz downplayed the idea of sending interest rates into negative territory

Securities trending down

The cut to 0.75% follows last week's decision to reduce the interest rate by 50 basis points

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It's the first such move since the financial crisis and downturn just over a decade ago

red emergency button

The central bank’s key target rate is currently at its lowest level since early 2018

Home For Sale Real Estate Sign in Front of Beautiful New House.

The rate cut will make borrowing cheaper, raising concerns about overheated housing markets

Toronto skyline in financial district

The central bank said it may further adjust its key rate if the situation calls for it

Securities trending down

Slower economic growth is expected

waving flag of canada

The poor showing comes just days ahead of the next rate announcement by the Bank of Canada

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The central bank plans to create its own digital currency

Unrecognizable man digs a hole by shovel in garden

So-called zombie firms are increasing in numbers, but aren’t a significant risk to the financial system