Thursday, January 20, 2011

Canada Bank Rate remains at 1%, prime lending rate unchanged at 3%

The Bank of Canada decided yesterday January 19, 2011 to hold the prime interest rate at it's current level of 1% meaning that prime lending rates at major banks remain unchanged at 3%

The Bank of Canada stated that they feel the economy will do better with a rate hold for the time being.

All the best!


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