Tag: Bank of Canada

  • Innovative “Eco-Business Park” To Be Built In Canadian City

    Innovative “Eco-Business Park” To Be Built In Canadian City

    The City of Summerside, Prince Edward Island, Canada is allocating $10 million towards the construction of an eco-industrial park that is meant to foster economic growth while preserving the environment. This was reported in a March 3 article published by the Canadian Broadcasting Corporation. While the “eco-business park” is certainly important for Summerside, its importance […]

  • Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

    Coronavirus pandemic: Bank Of Canada slices key interest rate to 0.25 percent

    In a bid to revive the coronavirus-affected economy, the Bank of Canada on Friday announced its plans to reduce its interest rate to 0.25 percent. Bank of Canada in its statement said, “This unscheduled decision to bring the policy rate to its effective lower bound and is intended to provide support to the Canadian financial […]