No Change to Bank of Canada Rate
The Bank of Canada announced today that it is keeping the key rate steady. The Bank continues to judge that the policy rate will need to rise into a neutral range to achieve the inflation target, but that will happen over time. Going forward, rates increases will depend on key factors – global trade uncertainty, the housing market, and developments in the oil sector. The next rate-setting day is Wednesday, March 6th.
Source: Invis Financial
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