BANK OF CANADA HOLDS OVERNIGHT RATE

News out of Ottawa this morning is that the Bank of Canada is allowing Canadians low interest rates until (at least)  May 31st.  Despite it’s mostly positive assessment of our Canadian economy, the overnight / policy rate is being held at 1%.

The bank’s next scheduled date for an interest rate announcement is May 31.  Will the tightening start then? 

The Star had this to say on the topic.


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is an award-winning real estate Broker who has successfully been helping people move since 1989. When it’s time for a move in or out of a bigger, smaller, better, more expensive, less expensive, newer, older, house, condo, farm, investment property, vacant lot or business, talk to Marg.

This entry was posted by Marg on Tuesday, April 12th, 2011 at 1:11 pm and is filed under Money Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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