Bank of Canada Interest Rate Announcement

OTTAWA, May 27 /CNW Telbec/ - On Tuesday, 1 June 2010, 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 Stephanie Bento at 613 782-7183 before
                    noon on Monday, 31 May 2010.

    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
                    (http://www.bankofcanada.ca/en/press/index.html)

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

For further information: Jeremy Harrison at [phone] or [email protected]