Tuesday, July 19, 2011

Bank of Canada Keeps Interest Rates Steady

The Bank of Canada has kept its overnight lending rate band at 0.75% to 1.25% but has signaled rising rates are within a tangible horizon. The CAD/USD exchange rate is up over $0.01 on the news. What I always find amusing about national housing and interest rate related stories is how they seem to make it onto the BC regional webpage of CBC's website. The only other city to promote this story to its regional page was Ottawa. I guess one needs to promote stories that concern local readers, though personally I would normally go to their business page for such finance and economics stories.

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