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Bank of Canada Rate Announcement Jan 20th, 2016

Bank of Canada Rate Announcement Jan 20th, 2016

by Glenn Maclaren | Jan 20, 2016 | Announcements, Blog, Mortgage

Amidst much speculation, the Bank of Canada announced today that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent. It appears 2016 is picking up where 2015 left off,...

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