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 accompa ...