July 17, 2012 Bank of Canada Rate

Bank of Canada keeps interest rate at 1%

The Bank of Canada has kept its benchmark interest rate at one per cent until at least September, which is the next scheduled announcement date. The bank said today it now expects the economy to grow by 2.1 per cent this year and 2.3 per cent in 2013, slightly down from its earlier call of 2.4 per cent for both years.

Constantine Isslamow

Constantine Isslamow

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