About: http://data.cimple.eu/news-article/8fdcfeb251d499545db117aacbf8326dc156e90ff7ed0b9e9ffd1f31

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About: http://data.cimple.eu/news-article/8fdcfeb251d499545db117aacbf8326dc156e90ff7ed0b9e9ffd1f31 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	The Bank of Canada on Friday lowered a key interest rate to 0.25 percent as part of a drive to cushion the impact of the coronavirus pandemic. "This unscheduled rate decision brings the policy rate to its effective lower bound and is intended to provide support to the Canadian financial system and the economy during the COVID-19 pandemic," the bank said of the change in the so-called overnight lending rate. The government of Prime Minister Justin Trudeau has injected Can$107 billion into the economy to help businesses and households affected by the killer pandemic sweeping the globe. "The spread of COVID-19 is having serious consequences for Canadians and for the economy, as is the abrupt decline in world oil prices," the bank said in explaining its interest rate decision. The world's fourth-largest oil producer, Canada has been devastated by oil prices that have fallen as economies grind to a halt because of the coronavirus pandemic. Its western oil-producing province of Alberta has been particularly hard hit. "The intent of our decision today is to support the financial system in its central role of providing credit in the economy, and to lay the foundation for the economy's return to normalcy," the bank said. jl-dw/ft
schema:headline	Bank of Canada lowers rate to 0.25% amid coronavirus crisis
schema:mentions	Interest rate Alberta Prime Minister of Canada Justin Trudeau Canada Pandemic Coronavirus Severe acute respiratory syndrome coronavirus 2
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-03-27 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	79 (xsd:integer)
http://data.cimple...tology#hasEmotion	fear

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