Bank of Canada maintains overnight rate target at 1 per cent - Bank of Canada:
It was determined at the meeting which took place on April 17, 2013 that the overnight lending rate is to remain unchanged at 1%. In turn that means that the banks prime lending rate will also remain unchanged at 3%. This again is very good news for variable rate holders. It is now possible that the bank of Canada will not increase this rate until some time in 2014.
'via Blog this'
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