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Canajun FinancesMy personal views and rants on home finances with a Canadian Perspective |
Flash: The Rates Remain The Same
Posted on 12/05/2006 00:00 AM | Link | Post Comment
The Bank of Canada has kept their key interest rate alone today, making debtors like me breath a collective sigh of relief.
"The bank's comments point to unchanged policy at the next fixed announcement date on Jan. 16, and likely beyond," said Bank of Montreal senior economist Sal Guatieri. "We continue to expect rates to remain stable through 2007."
This makes me a happy debtor for now. Huge rate increases to fight inflation could start a run on "debtors prison" or worse bankruptcies.
What does Led Zeppelin have to do with this? The Song Remains The Same? Come on guys, I can't fill in the blanks for you all the time, must I?
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