Bank of Canada holds its Interest Rate

 

The bank held its trendsetting interest rate at 1%, where it has stood since September 2010, marking the 21st consecutive rate hold.  

Moving the target date of the economy reaching its full potential to early 2015, the Bank of Canada considered the following: modest paced growth in the U.S. and continued austerity measures in Europe along with high but stabilizing levels of Canadian household debt.  

Marcus Kollmann

Marcus Kollmann

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CENTURY 21 Associates Inc., Brokerage*
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