If the Bank of Canada lowers the overnight loans rate,

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When the Bank of Canada lowers the overnight loans rate, it typically leads to a decrease in other short-term interest rates as well, as these rates are often influenced by the central bank's policy rate. A lower interest rate can also lead to a depreciation of the exchange rate, as investors seek higher returns in other currencies. Additionally, while the direct impact is more pronounced on short-term rates, long-term interest rates can also fall in anticipation of sustained lower rates or due to increased demand for long-term bonds.

If the Bank of Canada Lowers the Overnight Loans Rate