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Bank of Canad Holds the Key Lending Rate at 1%


Blog by Kevin Kurjata | March 1st, 2011


Carney: "Some things in Canada are good, some are bad. Some things in U.S. are good, some are bad. Some things in Europe are good, some are bad. Libya, Etc."

And so, Carney decides to hold Canada's benchmark lending rate at 1%. I wonder what the banks will do?

Read this article for the full story
http://www.theglobeandmail.com/report-on-business/economy/interest-rates/mark-carney-cites-rebound-still-sees-risk/article1924736/ 

For a good analysis of why the BOC is acting this way check this one out
http://www.theglobeandmail.com/report-on-business/economy/interest-rates/mark-carney-cites-rebound-still-sees-risk/article1924736/