Tuesday, July 20, 2010

No surprise here!

As expected, the Bank of Canada announced a rate hike earlier today by 0.25%. This rate hike was predicted by many industry experts and I don't think anyone is all that surprised.
The next Bank of Canada rate announcement is scheduled for September 8th 2010.
Here is a CBC article on the interest rate announcement:
http://www.cbc.ca/money/story/2010/07/20/bank-canada-interest-rates.html

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