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As universally expected, the Bank of Canada is maintaining its target overnight rate at 0.5 per cent. It’s been at this level since mid-2015, so in other words, this is the 15th consecutive meeting where rates have remained unchanged. In its accompanying statement, the Bank says there are still several key reasons for keeping rates at near historic lows… Continue reading »
As expected, the Bank of Canada is holding its key overnight interest rate at 0.5 per cent. In what some are calling the shortest policy statement in history, the announcement was made as scheduled at… Continue reading »