Tuesday, July 19, 2011

Prime stays the same...

In an announcement earlier today, the Bank of Canada left their key interest rate unchanged. The central bank cited several reasons for its decision including a slowly-recovering export market due to weak U.S. economic growth and the high value of the Canadian dollar.
Despite the above factors, according to an article from CBC, many experts are still predicting an interest rate hike towards the end of 2011.
The next scheduled interest rate announcement is scheduled for September 7th 2011.

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