Bank of Canada keeps key rate on hold at 0.5 per cent as resource sector adjusts

Further to yesterday's post, The Vancouver Sun discusses the Bank of Canada's interest rate announcement in more depth:

"Today's statement suggests the bank remains nervous about the impact of the recent slide in commodity prices however (it) appears to be willing to be patient," said Royal Bank assistant chief economist Dawn Desjardins.

"Encouragingly, the bank did not indicate any predisposition to revise the forecast issued in July for the economy to return to positive growth in the third quarter with this growth continuing to (the) end (of) 2017 despite the recent slip in oil prices."

Read more here.

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