Tuesday, this time by 25 basis points to bring the key rate to two per cent.
The move is designed to boost the economy by fuelling spending, a tough
challenge in a faltering economy marked by layoffs on both sides of the
U.S.-Canada border.
.
Tuesday's rate cut is the deepest since the Mexican peso crisis of 1995-96, and
puts the key rate at its lowest level in over four decades.
The latest rate cut follows a recent report that Canada's jobless rate hit eight per
cent in December, its highest level in almost three years.
