CREA News: Bank of Canada keeps interest rates on hold

The Bank of Canada kept its key policy rate at 1 per cent on September 5th, 2012, where it has been held steady for two years. This marks the longest period since the 1950s that rates have been left unchanged.

he text accompanying the announcement was little changed from the July statement. This includes the bottom line that the Bank would still like its next move to be a rate hike, but that the timing and degree and any such decision would depend on whether global and domestic trends play out as expected in the months ahead.

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Marlene Ofter

Marlene Ofter

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CENTURY 21 Max-Immo
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