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Daily Archives: December 7, 2016

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Bank of Canada Maintains Overnight Rate

Interest Rate, Market UpdatesBy Terry KilakosDecember 7, 2016

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 percent. The Bank Rate is correspondingly 3/4 percent and the deposit rate is 1/4 percent. Economic data suggest that global economic conditions have strengthened, as the Bank anticipated in its October Monetary Policy Report (MPR). However, uncertainty,…

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