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Arranny Khuong
Real Estate Professionals Inc.
202, 5403 Crowchild Tr. NW, Calgary, Alberta
P: 403-629-0282
F: 403-592-9016
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Tuesday, October 19, 2010 - Bank Of Canada Interest Rate Unmoved

The Bank of Canada announced today that it will not raise its overnight rate, keeping the Prime lending rate at 3%. The Bank feels that the global recovery is slowing, predicting  a weaker than expected recovery in the US.  The Bank predicts the economic recovery in Canada to be more gradual than previously projected. Inflation in Canada is also below the Bank of Canada's projections.

posted in News at Tue, 19 Oct 2010 17:55:34 +0000



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