Bank of Canada keeps key rate on hold, but sees economic rebound on horizon

Finanacial Post

The Bank of Canada kept its key lending rate on hold Wednesday, acknowledging the economic adjustment to the oil-price collapse “is proving to be uneven” and output will be further hampered in the first half of 2016 by the Alberta wildfires. But that clouded outlook is likely to improve in the second half of this year, the central bank said, an assessment that is broadly in line with forecasts by private-sector analysts.

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Michael James

Michael James

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