Consumers and businesses in Canada have benefitted greatly from very low interest rates since the economy took a tumble in late 2008. And according to the Bank of Canada?s (BoC) first rate announcement of 2012, rates are remaining near rock-bottom lows.
The BoC surprised no one this morning and left the overnight interest rate unchanged at 1.0%. The overnight rate is the rate that banks in Canada lend money to each other for one day or ?overnight,? and is used to determine many consumer ...
posted in General
at Tue, 17 Jan 2012 14:04:03 -0700