Canada holds interest rate


Published: January 19,2010

Tags: banking and finance

TORONTO, Canada — Canada’s central bank is holding its key interest rate at a record low 0.25 percent and is reiterating its expectation that it will keep the rate there until the middle of this year.

The Bank of Canada said today that while a global economic recovery is under way it continues to depend on exceptional monetary and fiscal stimulus, as well as extraordinary measures taken to support financial systems.

The rate decision was expected.

The bank also says the persistent strength of the Canadian dollar and low U.S. demand for Canadian exports continue to act as significant drags on economic activity in Canada.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: