The Bank of Canada has maintained the overnight interest rate at one per cent – unchanged since September 2010.
Here’s the statement from the bank (published Dec. 3) :
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
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Bank of Canada maintains overnight rate is a post from: CREBNow