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Bank of Canada leaves the Bank Rate unchanged

 Please open the URL for the full press release.

The Bank of Canada has downgraded its economic forecast from 3.2% to 2.8% for 2006 and to 2.5% for 2007.

The next interest rate announcement will be on December 5.

 

The next move will be to a lower Bank Rate in 2007.

 You can also read more about this here at www.bankofcanada.ca/en/fixed-dates/2006/rate_171006.html



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