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NewsAlert: Bank of Canada cuts key interest rate to 0.25 per cent

OTTAWA — The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled cut that brings the overnight target rate to its effective lower bound.
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The Bank of Canada building is shown in Ottawa on Wednesday, April 24, 2019 (File photo by THE CANADIAN PRESS)

OTTAWA — The Bank of Canada is cutting its key interest target by half a percentage point to 0.25 per cent in an unscheduled cut that brings the overnight target rate to its effective lower bound.

More coming.