Tuesday, December 05, 2006

BoC interest rate at unchanged

Banl of Canada kepts its interest rate unchanged at 4.25% on todays meeting due to economy growth is below the expectations largely on weaker export. And they said that the interest rate will remain at these level for medium term. And onto inflation they said that by mid 2007 they'll bring the inflation back to the 2%. And also they stated that world growth, higher commodity prices and strong employment market in both Canada and USA.