Most recent interest rate announcement by the Bank of Canada September 6, 2006 OTTAWA - (CP) - The Bank of Canada today announced that it is maintaining its target for the overnight rate at 4 1/4 per cent. The operating band for the overnight rate will therefore remain unchanged at 4 1/2 per cent.
The Bank of Canada sites continued strength in the global economy. In Canada, the economy continues to fall in line with the Banks expectations in terms of output and inflation. Going forward, the Bank continues to expect the Canadian economy to operate at about its production potential.
The Bank of Canada's next scheduled date for announcing the overnight rate target is 17 October 2006.
For more information please contact A. Mark Argentino A. Mark Argentino Broker, P.Eng., Specializing in Residential & Investment Real Estate RE/MAX Realty Specialists Inc. 2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1 BUS 905-828-3434 FAX 905-828-2829 E-MAIL firstname.lastname@example.org Website: Mississauga4Sale.com
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