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The Bank of Canada kept its target overnight rate at 1% this morning.  In the statement accompanying the decision, the Bank of Canada forecast that the Canadian economy will gain momentum through the year following a weak second half in 2012, but slow growth through the first half of this year will limit real GDP growth to just 1.5 % in 2013 before rising to 2.8% in 2014.

 

Click HERE to see the BCREA Mortgage Rate Forecast...

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