17 april 2013

Bank of Canada leaves rates unchanged at 1%. Rate might stay unchanged till 2015!

The Bank of Canada kept its benchmark lending rate unchanged at one percent on Wednesday. The trendsetting rate has remained at one percent since September 2010.

As a result, it’s the 21stconsecutive meeting when the BoC doesn’t change its rate. In addition to it, the central bank cut its growth forecasts for this year from 2% to 1.5%, asa result of lower business investment and government spending…

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