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枫下家园 / 住房话题 /
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[Latest News About Mortgage Rate]Bank of Canada raises interest rates
October 19, 2004
The Bank of Canada has raised its key overnight lending rate to 2.5 per cent.
The move -- the bank's second rate hike in as many months -- was widely expected by financial markets and means some consumer borrowing costs will likely increase as well.
Major commercial banks usually adjust floating mortgage rates and the prime interest rate charged to their best customers, in line with central bank moves.
-momada(坊上人);
2004-10-19
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