BANK RATE UNCHANGED at 1%

According to the Toronto Star, the Bank of Canada left its target for the overnight rate – the rate that large banks use to borrow and lend from one another on the overnight market – at 1 per cent.

Read the full article  http://www.moneyville.ca/article/923546–fence-sitting-bank-leaves-rate-unchanged?bn=1

For more information on the Bank of Canada’s Overnight Rate, click here http://www.bankofcanada.ca/en/backgrounders/bg-p9.html


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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, January 18th, 2011 at 11:01 am 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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