Even Canada has cut rates

The Bank of Canada cut interest rates for the first time since April 2004, saying that the global economic outlook looked uncertain. It cut rates by a quarter of a percentage point to 4.25% from 4.5%.  The central bank said that it expected financial market turmoil, stemming from a collapse of the US sub-prime mortgage market, to persist.

Canada is not going to suffer like the US, but it will be impacted by the US slowdown.

Cutting the US interest rates is still not the answer
Even blondes prefer euros to dollars

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