Carney holds interest rate at 1% – Business – CBC News

As recently as July it was believed that a fall rate hike was a sure thing, but things have changed since then and  in a much anticipated move, the Bank of Canada announced this morning that it is holding on rates.  The overnight rate will stay put at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.  Check out the article below.

Carney holds interest rate at 1% – Business – CBC News.

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