Bank of Canada opts for aggressive
interest rate cut.

Further rate cuts 'likely'

Last Updated: Tuesday, March 4, 2008 | 10:16 AM ET

CBC News

The Bank of Canada on Tuesday chopped its key overnight lending rate by half a percentage point to 3.5 per cent to prevent U.S. economic weakness from spilling over into this country.

It's the first time the Bank of Canada has cut its key rate by more than a quarter of a percentage point in more than six years.

Analysts had been divided over how much the Bank of Canada would trim rates. Many thought the bank would opt for a half-point cut. Others thought .....

http://www.cbc.ca/money/story/2008/03/04/bankofcanada.html

Will Unstable Climate of US Real Estate Market Affect Canadian Market? 

Canada is not linked to US real estate market troubles: Ontario Real Estate Association (OREA) January 2008.

The melt-down of the U.S. real estate market has left many homebuyers wondering if and how it may affect the housing market in Canada. But market analysts say the problems in the U.S. will have little impact on Canadian real estate........

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