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Canadian Bank Rate Dips as Relief Sparks Rate-Down Hopes
Bank rate falls one basis point to 8.94 per cent near a 12 month low, easing fears of a jump after a fraud scare involving politicians hit the dollar. Bank of Montreal economist Lloyd Atkinson predicts further reductions and a 9 per cent prime by year end amid mixed economic signals and rising deficits.
MENTIONED IN THIS ARTICLE
Bank of Montreal
Lloyd Atkinson
Atkinson
Treasury
Conference Board of Canada
Ontario
Bank of Canada
John Crow
Conference Board
Crow
Canada
NDP