Bank of Canada Overnight Rate Holds at 1%

Although the economy is recovering a little faster than expected, according to Bank of Canada’s Mark Carney, there is little danger of rampant inflation on the horizon. The Bank of Canada, therefore, has left its trend-setting interest rate unscathed at 1 per cent.

The decision not to raise the bank’s overnight rate showed concern that higher interest rates might push Canada’s currency value even higher, making Canadian exports less competitive.

Read the full article from The Toronto Star, by click  here.

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About Marg

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, March 1st, 2011 at 12:27 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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