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Message: Bank of Canada realises economy in worst shape then it expected

Bank of Canada realises economy in worst shape then it expected

posted on Apr 21, 2009 02:44PM

Bank of Canda to bring it's prime rate to 0.25% and keep it there untill the summer of 2010 in order to " help " banks lower there longer term rates.

It also envision to buy Canadian bonds like the US does

Says economy might shrink by 3% this year

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