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BANK RATE UNCHANGED at 1%

Posted by Sherry Rioux on January 18, 2011
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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

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