Bank of Canada To Hold Rate at 0.25%The Bank of Canada is widely expected to keep its hands off interest rates Tuesday, holding them at near zero and committing to do so until at least July, despite growing evidence the economy is kicking back to life. Fears of prolonged economic stagnation eased Friday with a report showing employers hired five times as many workers as expected. The data supported the Bank of Canada's view that economic growth will speed up in the fourth quarter after a disappointing third-quarter, when it barely crept out of recession with tepid 0.4 per cent annualized growth. The current rate is 0.25% It's Your Career - I'm Here To Support YOU! Constantine Isslamow Real Estate Broker/Mortgage Broker/Manager Century 21 United Realty Inc. Brokerage/CENTUM Core Financial Inc. Independently Owned and Operated Blog / Website / Follow Me / LinkedIn CENTUM Core Financial Inc. Brokerage License #: 10642 Constantine Isslamow License#: M08005391
Posted by Constantine Isslamow
on December 7, 2009
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Bank of Canada
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