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Record Low Rates to Remain

January 21st, 2010
Canada is still not out of the woods yet on economic recovery, the Bank of Canada said as it announced that its trend-setting overnight rate will remain at a record-low 0.25 per cent. The central bank said the global economy is beginning to pull out of its severe slump. But it said a return to normal economic growth hinges on financial pump-priming, low interest rates and bank bailouts. "The ...
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