The Bank of Canada, not surprisingly, announced today that they will maintain the overnight rate at one per cent. The bank improved their outlook on the Canadian economy and noted that the global financial crisis has been stabilizing in the past few months. The news, however unsurprising, was met with…
Carney holds interest rate at 1% – Business – CBC News
September 7, 2011 by Leave a Comment
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…