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Tuesday
20Jan2009

Bank of Canada Rate at Record Low

DateTuesday, January 20, 2009 at 6:25AM
Prospective home buyers have something else to be happy about. In addition to a great selection of homes, interest rates are now lower than ever. The Bank of Canada announced a reduction in the target for overnight lending rates by 0.5% today.
Canada's major commercial banks, which came under fire in December when they passed on only 50 basis points of the 75-point rate cut made by the central bank, reacted swiftly to its latest move, passing along the full reduction.

Read the original article on ReportOnBusiness.com
AuthorMichael Bladon | CommentPost a Comment |
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