Bank of Canada Prime Rate Remains Unchanged

Yesterday the Bank of Canada announced that it’s key interest rate will stay the same.

“The Bank of Canada kept its overnight rate target at 0.25% Tuesday and reiterated its conditional commitment to hold the current policy rate until the end of the second quarter of 2010. “The higher Canadian dollar, as well as ongoing restructuring in key industrial sectors, is significantly moderating the pace of overall growth,” the central bank said in a statement. The overall risks to the bank’s inflation projection are tilted slightly to the downside.”

More at: marketwatch.com

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