BANK RATE UNCHANGED at 1%
According to the Toronto Star, the Bank of Canada left its target for the overnight rate – the rate that large banks use to borrow and lend from one another on the overnight market – at 1 per cent.
Read the full article http://www.moneyville.ca/article/923546–fence-sitting-bank-leaves-rate-unchanged?bn=1
For more information on the Bank of Canada’s Overnight Rate, click here http://www.bankofcanada.ca/en/backgrounders/bg-p9.html
