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Bank of Canada cuts interest rate to 3% amid trade uncertainty with the United States

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Summary
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77% Informative

The Bank of Canada cut its interest rate by 25 basis points to three per cent on Wednesday .

The central bank also announced the end of quantitative tightening and adjusted the deposit rate to a spread of five basis points below the bank’s policy rate.

A long-lasting and broad-based conflict would badly hurt economic activity in Canada , the governor said.

VR Score

86

Informative language

89

Neutral language

47

Article tone

formal

Language

English

Language complexity

56

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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