BOC

The Bank of Canada held its key interest rate at five per cent Wednesday and signalled it has begun discussing when it should start cutting rates. “With overall demand in the economy no longer running ahead of supply, governing council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs […]

The Bank of Canada held its key interest rate steady at five per cent today, citing recent evidence that suggests the economy is weakening. The central bank says it decided not to raise its key rate given demand in the economy is slowing and previous rate hikes need more time to take effect. Forecasters were […]