Bank of Canada cuts its overnight lending rate by a more-than-forecast 0.75% to 1.5%. "The...

|By:, SA News Editor
Bank of Canada cuts its overnight lending rate by a more-than-forecast 0.75% to 1.5%. "The outlook for the world economy has deteriorated significantly and the global recession will be broader and deeper than previously anticipated," it says. (ETF: EWC)