Today the #BankofCanada announced it is maintaining its target for the overnight rate at 1/2 per cent. Here are the highlights of the press release: > Inflation is broadly in line with the Bank’s projection in its April Monetary Policy Report (MPR). > The global economy continues to gain traction and recent developments reinforce the Bank’s view that growth will gradually strengthen and broaden over the projection horizon. > The Canadian economy’s adjustment to lower oil prices is largely…
CBC News The Bank of Canada kept its benchmark interest rate steady on Wednesday, but signalled that could change once the weak U.S. economy starts to rebound as expected through the latter part of the year. Canada’s central bank kept its target for the overnight rate steady at 0.5 per... - #Bank, #Canada, #Economy, #Hold, #News, #Prompts, #Rate, #Weak
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Alberta wildfires will push Canada's GDP into red this quarter, Bank of Canada says