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BANK RATE HOLDS


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Blog by Doug Treleaven | July 11th, 2006


The Bank of Canada held key interest rates steady at 4.25 per cent on Tuesday.  Many Canadians can breathe a little bit easier as general consensus is that we're heading into a more stable interest rate environment. 

The Bank of Canada said it will "monitor global and domestic economic developments, including adjustments in the Canadian economy.

After the rate announcement, the Canadian dollar was off .51 of a cent to 88.37 cents U.S.