View Single Post
  #2  
Old 01-20-2009, 02:49 PM
Canadian Canadian is offline
Senior Member
 
Join Date: Jun 2008
Posts: 415
Default

The Bank of Canada cut the overnight rate by 0.5% to one per cent, which is the lowest level ever! So now the rate stands at 1% and the Canadian central bank doesn't have much room for cuts anymore. I wonder what would they do when it's clear that the low interest rates cannot entice more borrowing from the over-indebted Canadians?
__________________
Bear with me please
Reply With Quote