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Bank of Canada keeps overnight rate target (key interest rate) at one percent - March 8, 2012

By
Industry Observer

Bank of Canada keeps overnight rate target (key interest rate) at one percent - March 8, 2012

On the scheduled date of March 8, 2012, 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 April 17, 2012.

Bank of Canada keeps overnight rate target (key interest rate) at one percent - March 8, 2012

Comments(1)

Paul Viau
Nova Scotia Real Estate Blog - Halifax, NS
Nova Scotia Real Estate Blog + Photo Services

It is time to take advantage of the low rates! We are in for some Mortgage rate wars with the banks.

And I think that probably the middle of April will be the signal for the rates to go up.

Mar 11, 2012 12:18 AM