Bank of Canada maintains overnight interest rates unchanged

Note: This section contains information in English only.
Source: Forexpros
© Scanpix/AFP
The Bank of Canada announced on Tuesday that it held its benchmark interest rate still for the seventeenth month in a row in October. The central bank left overnight cash rate at 1.00%, meeting expectations. In an accompanying statement the bank said that some slight withdrawal of loose monetary policy would be likely to take place over time.
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Tue, 23 Oct 2012 18:00:40 GMT

Treasuries rise on recovery doubts

On Tuesday, treasuries were traded higher, as lower than expected earnings from corporations renewed doubts over the recovery of the economy and supported demand for safer assets. The yield on benchmark 10-year notes declined 5 basis points, reaching the level of 1.77% by 9:52 a.m. in New York.

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