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Category Archives: Interest Rates

Interest Rates To Remain Low And On Hold For Longer

The Bank of Canada announced on October 22nd, 2014 that it was holding its trend-setting overnight lending rate at 1 per cent. Its most recent rate announcement and Monetary Policy Report suggest a number of reasons why interest rates aren’t going up anytime soon: 1) Recovery in exports not ready to stand on own legs. Recent growth in the U.S. has led to a …