Wed, 18 Jan 2012 08:05:49 GMT
Bank of Canada left the interest rate at 1% in January
The Bank of Canada left its core interest rate at 1% for the eleventh month in line in January. The bank cited bleak economic outlook and global uncertainty as the main reasons for unchanged rate. The announcement is in compliance with expectations. According to bank estimations, Canada's economy expanded by 2.4 this year and is likely to expand by 2.0%