KM Financial Solutions | UPDATE 1-Canada’s top lenders cut prime rates after central bank’s surprise move
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UPDATE 1-Canada’s top lenders cut prime rates after central bank’s surprise move

UPDATE 1-Canada’s top lenders cut prime rates after central bank’s surprise move

Canada’s top lenders lowered
their prime rates by 50 basis points on Friday, hours after the
central bank unexpectedly cut its key interest rate to help the
county weather the economic fallout of the coronavirus pandemic.

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