The Bank of Canada has kept its key interest rate at 0.5 per cent as Toronto and New York markets again plunged Wednesday morning on the falling price of oil. .BoC Governor Stephen Poloz seemed to have nowhere else to go as the global petroleum glut threatened to devalue almost everything. Poloz dropped the rate twice last year to help absorb the impact of sliding oil prices, but crude has since fallen even further, hovering below US$30 a barrel in recent days.
