The report could “speak volumes about the medium-term rate outlook,” says CIBC Economics
The decrease creates new opportunities for tax planning
Covid-19 is expected to leave some lasting economic damage
Poloz says the economic outlook is “highly conditional” on containment measures and how households and businesses adapt
Banks are also offering mortgage payment deferrals for those struggling due to Covid-19
Horizons has also reduced fees on a high-interest savings ETF
Examining real estate and infrastructure
In addition to cutting the rate to 0.1%, the central bank said it was relaunching its monetary stimulus program
Analyzing low rates as Covid-19 spreads
The proactive measure shaves off 50 basis points