No Change to Bank of Canada Key Rate
The Bank of Canada announced today that it is keeping its benchmark rate unchanged despite a weaker economy in the fourth quarter of last year and expectations that growth in the near term will be weaker. Should the recent slowdown in growth be more persistent than forecast, we may see a rate cut. In particular, the Bank will be watching consumer spending, the housing market and business investment.
The next rate-setting day is Wednesday, March 4th.
Source: Invis Financial
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