Tuesday, March 06, 2007

The Bank Of Canada Has Decided Not To Change Interest Rates

The Bank of Canada has decided not to change interest rates. The Canadian government says the country is on the right track and can expect growth over the year.

As was widely expected, the Bank of Canada left its key interest rate at 4.25 per cent on Tuesday, saying the economy is behaving much as it predicted in its last monetary policy outlook in January and there's no need to tinker.

"The Canadian and global economies are evolving broadly in line with the bank's expectations," it said in its announcement.

Inflation is running just about on target, unemployment is flirting with 30-year-lows and economic growth picked up in December after two slow months.

CP via Yahoo.ca

The latest Canadian real estate market to heat up is Saskatoon Saskatchewan. Real Estate has gone through the roof in the early months of 2007.

Over 60 million dollars in residential real estate sold in February....up 82 percent from the same time last year.
From www.Saskatoonhomepage.ca.

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