Bank of Canada In No Rush To Raise Interest Rates

The Bank of Canada announced today that it is making no adjustment to its key interest rate and is in no rush to raise rates.

Good news for home buyers and companies that sell their goods in the States (lower interest rates usually meaning a weaker currency).

Not great news for snowbirds that would prefer a strong Canadian dollar for their winter trips to the south.

http://business.financialpost.com/2014/06/04/bank-of-canada-delivers-blow-for-loonie-bulls/

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