Variable rate holders may be able to rest easy for another 6 weeks. The Ottawa Sun says, “The Bank of Canada…will almost certainly pass on another opportunity to raise interest rates [on Tuesday].”
After today, the BoC’s next scheduled interest rate announcement is December 4, 2007. Most “experts” predict rates will not go up at this meeting either. Canada’s economy is still strong, however, despite huge manufacturing job losses and an untamed loonie.
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