Bank of Canada Hikes Interest Rates Again
January 25th, 2006
The Bank of Canada bumped up short-term interest rates by a quarter point this morning. The overnight target rate now stands at 3.50%, the prime lending rate now moves to 5.25%. The Bank clearly stated that further rate increases would be required to maintain a balance between overall supply and demand conditions in the economy in order to keep inflation in check over 2006-07.
The accompan ...