Bank of Canada faces key rate decision Wednesday: To cut or not?

CBC News

A year to the day after being surprised by a sudden rate cut, investors and mortgage holders will be anxiously waiting for the Bank of Canada's next decision on interest rates.

A little after 10 a.m. ET on Wednesday, Bank of Canada governor Stephen Poloz will reveal the bank's latest decision on interest rates. The bank can choose to raise its benchmark rate, known as the target for the overnight rate, from its current level of 0.5 per cent, lower it, or keep it the same.

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Michael James

Michael James

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