OTTAWA—The Bank of Canada issued an emergency half-percentage-point rate cut Friday, to 0.75%, saying the combination of the coronavirus pandemic and a plunge this week in energy prices will have “serious consequences” on the broader economy. Bank of Canada Gov. Stephen Poloz unveiled the decision at a press conference in Ottawa featuring Finance Minister Bill Morneau and the head of Canada’s banking watchdog, Jeremy Rudin. The conference was designed as a show of strength, to show that the country’s most senior financial...

Source: Wall Street Journal March 13, 2020 18:33 UTC