Bank of Canada Maintains Key Rate at 3.00%
July 23rd, 2011
Bank of Canada Maintains Key Rate at 3.00%
While the Bank of Canada announced that it is keeping its key policy rate steady, it hinted that a rate hike may be on the horizon as the Canadian economy grows closer to full capacity.
In a statement the Bank indicated that it expects "growth in Canada to re-accelerate in the second half of 2011." The Bank estimates that the Canadian e ...