Interest Rate Announcement Coming On September 3rd

The Bank of Canada will make interest rate  on Wednesday September 3rd. Canadians could be in for even lower interest rates when the Bank of Canada makes its scheduled policy announcement. Canada's economy moved ahead in the second quarter barely enough to avoid the first recession in 17 years. There are suggestions that the central bank could opt for a quarter-point cut in its key interest rate to 2.75 per cent. The prime rate will come down to 4.50% as major banks usually follow the lead of Bank Of Canada. The last time most predictions were proved wrong when Bank Of Canada decided to leave the interest rate unchanged. Lets see what happens this this time.

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