Bank of Canada Interest Rate Announcement - April 17, 2013
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.
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