KeatsConnelly Cross-Border Weekly Best of the Web 2015-1-23

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week’s, we highlight two articles. Both articles are focused on the surprise interest rate cut by the Bank of Canada. The first article discusses the cut and the central bank’s reasoning for this cut. The second article focuses on some of the short-term impacts this rate cut may have.

Interest Rate Cut: Bank of Canada Moves to Stave Off Threat From Sliding Oil Prices (http://www.huffingtonpost.ca/) – OTTAWA — 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’s announcement follows the stunning nose dive in crude prices since the summer. The bank says the price collapse poses considerable uncertainty for economic growth in the oil-producing nation…

The winners and losers following the Bank of Canada’s surprise rate cut (http://www.theglobeandmail.com/) – After weathering the recession better than many other countries, and leading the G7 economies through much of the recovery, Canada’s economy suddenly looks at risk, prompting an unexpected rate cut on Wednesday. Citing threats to Canada’s financial stability from the oil price shock, Bank of Canada Governor Stephen Poloz cut its key rate by 25 basis points to 0.75 per cent. Here are some of the winners and losers from the surprise move…

Come back next week for more interesting news and articles. Enjoy your weekend!

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