Bank of Canada Interest Rate Announcement - October 23, 2012
October 25th, 2012
The Bank of Canada once again opted to hold its target for the overnight rate at 1 per cent. Interest rates have been held constant for over two years, the longest such period since the 1950s. The Bank somewhat tempered its bias for higher future interest rates, including a softer statement regarding the appropriateness of a gradual withdrawal of monetary stimulus as excess supply in ...