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The Policy Rate Remains at 2.25% - Courrier Laval
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The Bank of Canada announced on July 15 that it was maintaining the target overnight rate at 2.25% for the sixth consecutive time. The official discount rate remains at 2.50%, while the rate of return on deposits is still at 2.20%. It justifies its decision by the fact that the Canadian economy is showing signs of improvement, growth is recovering and inflation is expected to gradually fall from the peak reached recently. However, considerable r…
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