Bank of Canada’s Mark Carney in no rush to hike interest rates

Carney holds the line

Bank of Canada Governor Mark Carney held his benchmark lending rate steady at 1 per cent today, citing a faster-than-expected recovery but one with risks ahead. All in all, the chance of an early interest rate hike now looks less likely.

Source:Michael Babad | Columnist profile | E-mail
Globe and Mail Update
Published Tuesday, Mar. 01, 2011 6:48AM EST
Last updated Wednesday, Mar. 02, 2011 2:55PM EST

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