Bank of Canada Prime Rate – September 2009
The Bank of Canada released its latest economic outlook today.
“Stimulative monetary and fiscal policies, improved financial conditions, firmer commodity prices, and a rebound in business and consumer confidence are supporting domestic demand growth in Canada,” the bank said in a statement Thursday.
“Combined with recent information on inventory adjustments and automotive production, this suggests that GDP growth in the second half of 2009 could be stronger than the bank projected in July.”
The central bank’s comments came as it released its latest interest rate policy announcement. As expected, it left its key overnight interest rate unchanged at 0.25 per cent.
The central bank reiterated its commitment to leave the key rate at that level through the middle of next year as long as inflation remains in check.
Read the full story at cbc.ca
