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20091215

Interest rates to rise before Bank of Canada deadline

mortgage rates could head higher before the Bank of Canada's pledge to hold interest rates steady expires in July according to Bank of Nova Scotia. The Bank warned new home owners with variable-rate mortgages not to be influenced by the central bank's neutral statements on rates on Tuesday. The bank has pledged to hold rates at a historic low of 0.25% until the end of the second quarter of next year.

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