{"id":4726,"date":"2015-01-21T11:19:14","date_gmt":"2015-01-21T16:19:14","guid":{"rendered":"http:\/\/olduvai.ca\/?p=4726"},"modified":"2015-01-21T11:19:14","modified_gmt":"2015-01-21T16:19:14","slug":"interest-rate-cut-bank-of-canada-moves-to-stave-off-threat-from-sliding-oil-prices","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=4726","title":{"rendered":"Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices"},"content":{"rendered":"<h3 class=\"title\"><a href=\"http:\/\/www.huffingtonpost.ca\/2015\/01\/21\/interest-rate-cut-canada_n_6515764.html\" target=\"_blank\">Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices<\/a><\/h3>\n<p>OTTAWA &#8212; The looming economic threat of sliding oil prices is forcing the Bank of Canada to unexpectedly cut its trend-setting rate to three quarters of a percentage point from one per cent.<\/p>\n<p>The central bank&#8217;s announcement follows the stunning nose dive in crude prices since the summer.<\/p>\n<p>The bank says the price collapse poses considerable uncertainty for economic growth in the oil-producing nation.<\/p>\n<p>It is the first time the bank has moved its overnight rate in either direction in nearly four and a half years.<\/p>\n<p>Most economists had been predicting the bank to stand pat on the interest rate today and hike it late this year or in early 2016.<\/p>\n<p>But the bank says falling oil prices threaten to overshadow signs of economic life spotted outside Canada&#8217;s weakening energy sector &#8212; such as rising foreign demand, a boost in exports and job growth.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interest Rate Cut: Bank Of Canada Moves To Stave Off Threat From Sliding Oil Prices OTTAWA &#8212; The looming economic threat of sliding oil prices is forcing the Bank of Canada to unexpectedly cut its trend-setting rate to three quarters of a percentage point from one per cent. The central bank&#8217;s announcement follows the stunning [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[942,103,1400,431,1775],"class_list":["post-4726","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bank-of-canada","tag-canada","tag-interest-rate-cut","tag-interest-rates","tag-oil-price-collapse"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4726"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4726\/revisions"}],"predecessor-version":[{"id":4727,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/4726\/revisions\/4727"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}