Bank of Canada has kept the overnight rate at the historic low of .25% (prime rate 2.25%). The key factors for the decision was positive 4th quarter growth in 2009, as well as the high CDN dollar that is keeping exports to the US very low. They don't expect a rate increase until at least July 2010. Please click the link for the full Globe and Mail article.
Click here to read the entire Globe and Mail article
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