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BoC announces rate

The Bank of Canada announced Wednesday morning it will maintain its target for the overnight rate at 0.5%. The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent,the bank writes in a release. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.

According to the Bank of Canada, its economic stimulation efforts are working their way through the Canadian economy.

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