The Bank of Canada kept its trend-setting Bank Rate at 1.25 per cent on October 25, 2011. This marks the ninth consecutive announcement in which interest rates have been held steady. The tone of the accompanying statement was very dovish, with the Bank noting that ?the global economy has slowed markedly as several downside risks to the projection outlined in the Bank?s July Monetary Policy Report (MPR) have been realized.? Of particular note, the Bank said it now expects a ?brief recession? in ... Full Article...