Ottawa Real Estate Investors Organization

Hi everyone,

I saw this on the news last night and thought I'd forward off some articles
about it. Apparently this is the lowest Bank of Canada overnight lending rate
EVER - only 0.5%!

http://news.sympatico.msn.ctv.ca/abc/home/contentposting.aspx?isfa=1&feedname=CT\nV-TOPSTORIES_V3&showbyline=True&date=true&newsitemid=CTVNews%2F20090303%2FBoC_cu\nt_090303

http://www.cbc.ca/money/story/2008/03/04/bankofcanada.html

A reduction in the overnight lending rate translates into lower bank lending
rates (although it takes time), so this is GREAT news for everyone.


Paul Blacquiere

Spirepoint Properties
T (613) 860-8008 | F (613) 822-5170

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