Compare Listings

Bank of Canada maintains interest rate at 1.75%

Bank of Canada maintains interest rate at 1.75%

The Bank of Canada is confused. And when it’s confused, it stops what it’s doing until it figures things out. Canada’s central bank left its benchmark interest rate unchanged at 1.75 per cent on March 6 and signalled that policy has entered an extended period of stasis.

Read the Official Bank Of Canada Statement here

Stephen Poloz, the governor, and his deputies on the Governing Council expected slower global economic growth, but the slowdown has been “more pronounced and widespread” than forecast in January, the central bank said in its latest statement.

Similarly, they assumed Canada’s economy would stumble, but the fall in the fourth quarter was “sharper and more broadly based” than they predicted, the statement said.

To Read the full article visit:
Bank of Canada holds rate as longer, deeper slowdown than forecast grips economy


Evan Jakszuk

Related posts

All About the First-Time Home Buyer Incentive Program

  Canada’s new First-Time Home Buyer Incentive (FTHBI) program is now up and running,...

Continue reading
by vpgrealty

10 Plums Guaranteed Sale Program

Have you ever traded in an old car to buy a new car? Imagine you could do that with your house. And...

Continue reading
Evan Jakszuk
by Evan Jakszuk

Holiday Road

With the end of the year being just around the corner, it could not possibly be a better time to...

Continue reading
Carly Salvetti
by Carly Salvetti

Join The Discussion