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Central Bank Rate Unchanged
The Canadian dollar was little changed today after the Bank of Canada kept its target rate unchanged for a fourth straight meeting, saying signs of slowing growth are coinciding with gains in employment and demand for commodities. The rate for overnight loans between banks remains at 4.25 percent, the highest since August 2001 and 1 percentage point less than the U.S. Federal Reserve's target.
December 5, 2006 in Arranging Mortgage Financing | Permalink
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