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Bank of Canada keeps overnight rate target (key interest rate) at one percent

By
Industry Observer

Bank of Canada keeps overnight rate target (key interest rate) at one percent

On the scheduled date of October 25, 2011, the Bank of Canada announced that it would maintain its overnight target rate (key interest rate) at 1 percent. Thus, the bank rate is 1.25% and the deposit rate is 0.75%.

The next scheduled date for announcing the Bank of Canada overnight rate target is December 6, 2011.

Bank of Canada keeps overnight rate target (key interest rate) at one percent

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