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BoC considered lowering rate by quarter point, but felt economy warranted a jumbo cut

The Bank of Canada considered cutting its key interest rate by just a quarter of a percentage point last month, but opted to take a larger step in the face of a weakening economy and falling inflation. Thatโ€™s according to the central bankโ€™s summary of deliberations released Tuesday, which details the governing councilโ€™s conversations ahead […]