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Bank of Canada holds key rate at 1% — Real Estate Agent Toronto

Bank of Canada holds key rate at 1%

August 7, 2011

The Bank of Canada held its trend-setting Bank Rate at 1.25 per cent on July 19th, 2011. This marks the seventh consecutive policy decision in which interest rates have been kept on hold. The Bank now expects the economy of Canada to grow 2.8 per cent this year.

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