Bank of Canada maintains overnight rate target at 1
per cent
OTTAWA, July 19, 2011
/CNW/ - The Bank of Canada today announced that
it is maintaining its target for the overnight rate at 1 per cent. The Bank
Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
The global economic
expansion is proceeding broadly as projected in the Bank's April Monetary
Policy R ...