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Bank of Canada to announce new rate next week

Published by Steve Coleman on January 12, 2012

The Bank of Canada plans to make an announcement on the overnight lending rate on Jan. 17.

The central bank will make the news official at 9 a.m. Eastern Time.

No press conference or webcast are planned for the announcement in Ottawa.

The central bank's overnight lending rate has been at one per cent since September 2010.

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