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Blog by Linda M Linfoot

Drop in Prime Lending Rate

January 22nd, 2015

“This decision is in response to the recent sharp drop in oil prices, which will be negative for growth and underlying inflation in Canada”

Rate Dropped to 3/4 Per Cent

The Bank of Canada announced today that it is lowering its target for the overnight rate by one-quarter of one percentage point to 3/4 per cent. The Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per cen ...