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13 July 2006

Canada brings year of interest rate rises to close

The Bank of Canada left its key interest rate unchanged on Tuesday, bringing to an end almost a year of steady increases. The bank’s overnight rate has stood at 4.25% since the last rise in May, compared with 2.5% a year ago.

Full details of the decision can be accessed via the following link:
Bank of Canada

Economic Research Unit
Franklin + Andrews

eru@franklinandrews.com

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