Bank of Canada Prime Rate Update September 7, 2011

Bank of Canada Prime Rate Update September 7, 2011

There was talk, just a few short weeks ago and it was widely expected that interest rates were set to rise this fall, those rate hikes have been pushed out, possibly to as far as next summer. Given the current fragility of the global economy, we no longer expect the Bank of Canada to raise interest rates this year and anticipate moderate monetary tightening beyond the second quarter of 2012. READ…..

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