THE DAVISVILLE / LEASIDE INSIDER

THE DAVISVILLE / LEASIDE INSIDER

Monday, January 18, 2010

Canada May Keep Lending Rate at 0.25%, Repeat June Commitment


Jan. 18 (Bloomberg) -- The Bank of Canada will probably keep its benchmark interest rate at a record low tomorrow and repeat a pledge to leave it unchanged through June.

The target rate for overnight loans between commercial banks will remain at 0.25 percent, where it’s been since April, according to all 26 economists surveyed by Bloomberg. The decision will be announced tomorrow at 9 a.m. New York time.

Source: www.Bloomberg.com
By Greg Quinn

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