Posted by Jordan Press, The Canadian Press
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The Bank of Canada prepared to increase the cash it pumps into the financial system and Finance Minister Bill Morneau stressed the need for fiscal measures to manage the impact of COVID-19 as official Ottawa responded to another market plunge.
Thursday saw sharp drops on North American stock markets: 12.34 per cent on the S&P/TSX composite index, and a 9.99 per cent drop on the Dow Jones industrial average — its worst day since 1987.
The Bank of Canada responded with a…Click for full article.
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