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3/4% cut in Bank of Canada’s prime lending rate on April 15th

3/4% cut in Bank of Canada’s prime lending rate on April 15th

The Bank of Canada will have to slash its key interest rate by another three-quarter of a percentage point in its next rate decision in mid-April, Bank of Montreal says, as plunging oil prices and mounting coronavirus fears prompt economists to rewrite their economic and rate forecasts.

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