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Canada Cuts Key Rate and Signals That More Are Likely

Oct. 21, 2008
The Bank of Canada reduced its key lending rate by a quarter of a percentage point to 2.25 percent on Tuesday, and indicated that further reductions were likely.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
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Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler