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Bank of Canada holds interest rates, again (Dec 2011)

Two good news stories to round out the year. As predicted, the Bank of Canada kept the benchmark interest rate flat. It would not have been a complete shock if there had been a nudge up, as Stats Canada recently reported that our economy is expanding at a 3.5 per cent annual pace.
But as economies around the world continue to show signs of struggle, the BoC decision to hold the rate at one per cent was no surprise.

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