Date: 01/19/2010

Bank of Canada leaves benchmark rate unchanged

In its scheduled interest rate announcement on December 8, the Bank of Canada indicated that it would be maintaining the bank rate at its current level of 0.50%. The Bank also reiterated its intention of maintaining interest rates at their current levels until the second quarter of 2010, in order to achieve its inflation rate target.

The Bank’s press release on its interest rate decision can be found on the Bank’s Web site at http://www.bankofcanada.ca/en/fixed-dates/2009/rate_081209.html