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Bank of Canada sees rate cut cushioning the economic blow of coronavirus

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The Canadian economy's resilience could be "seriously tested" by a coronavirus outbreak but the Bank of Canada's decision to cut a key interest rate this week should help soften the blow, Governor Stephen Poloz said on Thursday.

[TORONTO] The Canadian economy's resilience could be "seriously tested" by a coronavirus outbreak but the Bank of Canada's decision to cut a key interest rate this week should help soften the blow, Governor Stephen Poloz said on Thursday.

On Wednesday, the bank slashed the overnight rate...

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