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Bank of Canada is First G-7 Central Bank to Raise Interest Rates

Tuesday, June 1, 2010 - 2:52 PM
From the Wall Street Journal
The Bank of Canada Tuesday became the first Group of Seven monetary authority to raise interest rates since the credit crisis [...] The bank raised its benchmark overnight rate by 0.25 percentage point to 0.50%. The rate had been at a record low 0.25% since April 2009.
A Central Bank that is willing to raise rates is nice to see. Another thing that is saver-friendly in Canada is the Tax Free Savings Accounts
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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
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