Interest Rate Increase
Bank of Canada raises overnight rate target by 1/4 percentage point to 3 1/2 per cent;
Means Prime rate goes up to 5.25%, and Prime -0.85 is 4.40%.
The Bank of Canada's next scheduled date for announcing the overnight rate target is 7 March 2006.
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This is the link to the announcement
http://www.bankofcanada.ca/en/fixed-dates/2006/rate_240106.html