Archive for the 'Money Matters' Category
Bank of Canada Cuts Interest Rates. Will Toronto Home Buyers Find Their Confidence?
April 21st, 2009 Categories: Money Matters, News Wire
The Bank of Canada has just announced that its key lending rate (the target for the overnight rate) has been cut by 25 basis points to 0.25%. And that conditional on the inflation outlook, commits to hold it there until the second quarter of 2010. The Bank Rate (the rate at which the Bank will lend money overnight to financial institutions) is correspondingly lowered to 0.50%. The deposit rate is Read the rest of this entry »
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