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!

Mark

For more information please contact A. Mark ArgentinoA. Mark Argentino, Broker, P.Eng.,Specializing in Residential & Investment Real EstateRE/MAX Realty Specialists Inc., Brokerage2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1BUS. 905-828-3434FAX. 905-828-2829E-MAIL: mark@mississauga4sale.comWebsite: Mississauga4Sale.com