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2014-01-16 16:22:28

TORONTO, Jan. 16, 2014 /CNW/ - The C.D. Howe Institute's Monetary Policy Council (MPC) today recommended that the Bank of Canada keep its target for the overnight rate, the very short-term interest rate the Bank targets for monetary policy purposes, at 1.00 percent at its next announcement on January 22, 2014. The Council further called for the Bank to hold the target at 1.00 percent through to January 2015. The MPC is a panel sponsored by the C.D. Howe Institute to provide an...


Word of the Day
lunula
  • A small crescent-shaped structure or marking, especially the white area at the base of a fingernail that resembles a half-moon.
This word is a diminutive of the Latin 'luna,' moon.
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