Bank of Canada Interest Rate Announcement

    OTTAWA, Aug. 28 /CNW Telbec/ - On Wednesday, 3 September 2008, the Bank
of Canada will announce its decision on the target for the overnight rate. A
press release will provide a brief explanation of the decision.

    08:00          Lock-up: Journalists are invited to review the press
                   release, under the usual conditions of a lock-up, at the
                   Bank's head office in Ottawa. (Please use the East Tower
                   entrance at 234 Wellington Street and proceed to the
                   reception desk. Be sure to have your press card with you.)

                   For security reasons, those wishing to attend must confirm
                   by calling Nathalie Smith at 613 782-7382 before noon on
                   Tuesday, 2 September.

    09:00          Lock-up ends and embargo lifted

    Note:          There will be no briefing.

    Distribution:  The press release will be distributed as follows:

    09:00          - on the Bank's website at

    Between 09:00  - on Canada NewsWire
    and 10:00
                   - through the Parliamentary Press Gallery

For further information:

For further information: Jeremy Harrison, (613) 782-8782,

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