The Bank of Canada decided to hold its interest rate steady at 4.5 per cent on Wednesday while the impact of its previous rate hikes filters down through the economy.
Central bank had telegraphed its intention to hold rates where they are for a while now
CBC News ·
Governor of the Bank of Canada Tiff Macklem will explain the bank’s decision at a press conference later today. (Blair Gable/Reuters)
The Bank of Canada decided to hold its interest rate steady at 4.5 per cent on Wednesday while the impact of its previous rate hikes filters down through the economy.
Officials at the bank, including governor Tiff Macklem, will have more to say about their line of thinking at a press conference starting at 11 a.m. ET on Wednesday.
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