Canada's stock market hails BoC rate cut, loonie dips

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By Fergal Smith TORONTO (Reuters) -Canadian stocks and bonds rallied on Wednesday, while the loonie touched a near two-week low against its U.S. counterpart, after the Bank of Canada became the first central bank among G7 countries to cut interest rates, raising prospects for Canada’s economy. The Toronto Stock Exchange’s S&P/TSX composite index ended up 166.84 points, or 0.8%, at 22,145.02,

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