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Old 01-20-2009, 03:49 PM
Canadian Canadian is offline
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Join Date: Jun 2008
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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?
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