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Central bank slashes key rate to 1.5 per cent

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Central bank slashes key rate to 1.5 per cent


Business | 206542 hits | Dec 09 1:06 pm | Posted by: Hyack
2 Comment

OTTAWA - The Bank of Canada took an axe to short-term interest rates Tuesday, warning of a deteriorating global economy

Comments

  1. by avatar Robair
    Tue Dec 09, 2008 11:25 pm
    Five year fixed was NOT the way to go. :(

  2. by avatar DrCaleb
    Tue Dec 09, 2008 11:52 pm
    "Robair" said
    Five year fixed was NOT the way to go. :(



    Yes it is, and you know it. In the 3-5 year range, interest could go to 10% + like both of us are expecting. In which case, ~4.5% will make us look like geniuses.



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