— The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent. The Canadian and global economies are evolving broadly in line with the Bank's expectations as set out in the January Monetary Policy Report …
FULL STORY Source: CanEquity Mortgage News
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— The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent. Global economic expansion has remained robust, although economic growth in the United States slowed during 2006. With weaker U.S. growth, output …
FULL STORY Source: CanEquity Mortgage News
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OTTAWA, Ontario — October 17, 2006, The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 4 1/2 per cent.
Since the July Monetary Policy Report Update (MPRU), total CPI inflation, excluding the temporary effect of the GST reduction, has been above 2 ...
FULL STORY
Source: CanEquity Mortgage News
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