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Dec 6, 2011 - 1 minute read - business news

Bank Of Canada Leaves Interest Rates Unchanged

The Bank of Canada announced today that it is leaving its overnight lending rate at 1%, which is what is has been all year. Governor Mark Carney commented that economic uncertainty had increased in the past few weeks and that the recession in Europe was more pronounced than expected.

Canada’s big bank economists expect the rate to remain at this level throughout most of 2012.