Barclays Says Canada Will Cut Key Rate to Zero in 2016 on Oil

  • Bank predicts interest rate cut to 0.25 percent on Jan. 20
  • Risk is leaning toward negative rates, Barclays says in note

The Bank of Canada will cut its key interest rate to at least zero this year and could move toward negative rates to offset the crude oil price slump, according to Barclays Plc.

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