Bank of Canada keeps rates low

Posted by 7Star Wednesday, March 3, 2010

The Bank of Canada held its key interest rate at a record low on Tuesday, but signalled it is getting closer to raising rates, though promising again not to do so before the third quarter. The central bank reiterated the commitment it made in April 2008 to keep its target overnight rate at a record low 0.25 percent until the end of the second quarter, conditional on inflation staying on track.

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