Canadian Press NewsAlert: Bank of Canada lowers 2013 forecast, rate unchanged
Oct 23, 2013 / 7:06 am
OTTAWA - The Bank of Canada is keeping its trendsetting overnight interest rate at one per cent. However, the bank shaved its forecast for economic growth this year, reducing its estimate for 2013 to 1.6 per cent from 1.8 per cent. It's also estimating 2.3 per cent growth in 2014 and 2.6 per cent growth in 2015.
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