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Bank of Canada keeps overnight rate target at 3 per cent

OTTAWA, Ontario, June 10, 2008 ? The Bank of Canada today announced that it is maintaining its target for the overnight rate at 3 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 1/4 per cent. Since the April Monetary Policy Report (MPR), economic developments have been broadly in line with expectations. However, the balance of risks to the ?

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Source: CanEquity Mortgage News

This entry was posted on Tuesday, June 10th, 2008 at 12:21 pm and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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