Bank of Canada Lowers Rates

This is a news story, published by Yahoo Finance, that relates primarily to The Bank of Canada news.

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Business

Business & Economics

Royal Bank Of Canada (RY) Stock Forecasts

Summary

Nutrition label

78% Informative

The Bank of Canada lowered interest rates in late January , easing the overnight rate by 25 basis points to 3.00% (its sixth consecutive rate cut) The stimulus appears to be working, with the Canadian unemployment rate declining to 6.6% in January from 6.9% late last year .

Trade uncertainty has created a high level of uncertainty for those making economic forecasts.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech