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December 2000 National Archive

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Mortgage News & Press Releases - December 2000

  • Bank of Canada keeps Bank Rate at 6 per cent
    OTTAWA, Ontario, December 5, 2000 — The Bank of Canada today announced that it is maintaining the Bank Rate at 6 per cent. The operating band for the overnight rate is unchanged, and the Bank's target for the overnight rate remains at 5 3/4 per cent. In making this decision, the Bank took into account a number of factors bearing on the future trend of inflation. Economic data continue …

 
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