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Bank of Canada Keeps Interest Rates at 3%

July 20, 2008 – 4:23 am

OTTAWA July 15, Bank of Canada warns of inflation and slow growth that’s why bank holds steady on key interest rate that is 3%. Anyway, The combination of slow growth and high inflation is a difficult puzzle for policy makers because battling one ailment exacerbates the other.
There are various schools of thought who have been [...]

By admin | Posted in Banking, Credit, Finance | Also tagged Inflation, Key Interest Rate, Rate | Comments (0)

Unclaimed Dollar Accounts in Canada with Canadian Banks

March 1, 2008 – 4:35 pm

Information About Unclaimed Balances and Dormant Bank Accounts in Canada
Lying inactive your bank account does not affect your right over your money or assets staying with your bank, bank as a custodian always looking for the rightful owner to claim his/her money whenever he/she may remember or intimated. There are certain of reasons that you [...]

By admin | Posted in Banking | Also tagged Dormant Bank Account, Unclaimed Bank Balance | Comments (5)

Bank of Canada Reduces Key Interest Rate January 2008

February 23, 2008 – 3:46 pm

Bank of Canada steps ahead in providing better rates by reducing its key interest rate by a quarter point, for the mortgage loan seekers who are planning to get the mortgage in the year 2008, it have been a better time, there are lot of people who will benefit the offer because of heavy snow [...]

By admin | Posted in Credit | Also tagged Bond Market, Fixed-Rate Mortgages, Mortgages, Overnight Rate Change, Variable-Rate Mortgages | Comments (13)