Bank of Canada holds interest rate at 0.5%

Financial Post

Weak projections for financial growth this year - both in this country and globally - add a new federal government set on a string of budget deficits expected to begin next year could present the Bank of Canada with some major forecasting challenges.  But for now, the central bank is maintaining Canada is on a recovery path after pulling out of an oil-collapse-fuelled recession in the first half of 2015, with that initial rebound driven mainly by improving exports to a stenghtening U.S. economy.

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Michael James

Michael James

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