This is the most knowledgable group I've ever been associated with (23 years).more testimonials »
Bank of Canada Stands Pat on Key Rate Wednesday, September 7, 1:59 PM ET
Canada's central bank kept its key interest rate unchanged today.
The Bank of Canada said its overnight lending rate will remain at 1%.
Although it had said in its July monetary policy statement that it planned to withdraw some of its monetary policy stimulus, today the central bank said that need has ''diminished'' in light of slowing global economic momentum and heightened financial uncertainty.
The iShares MSCI Canada Index Fund (AMEX:EWC) is trading up about .6% Wednesday.
Top holdings in the fund include Royal Bank of Canada (NYSE:RY), Toronto-Dominion Bank (NYSE:TD), and Bank of Nova Scotia (NYSE:BNS).
The Canadian Dollar Trust (AMEX:FXC) is trading up over .1% today.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.