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Lowest Interest Rates Ever – Bank of Canada – Vancouver real estate

March 3, 2009

Filed under: Mortgage Financing,Real Estate Market,Vancouver — Richard Morrison @ 12:53 pm

The Globe & Mail, March 3rd, 2009 The Bank of Canada cut its benchmark lending rate to within spitting distance of zero, and signalled that it is prepared to increase the money supply to spark a rebound that policy makers acknowledged could be farther off than they first thought. As most economists expected, the central bank cut its overnight lending rate by half a percentage point to 0.5 per cent, the lowest ever, prompting the country’s biggest lenders to quickly […]