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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 […]

Interest Rate Update – Bank of Canada

Interest Rate Update – Bank of Canada

“The governor of the Bank of Canada says after a decade of low-interest rates around the world the global economy has reached stronger footing where stimulus can be “steadily withdrawn.” Stephen Poloz’s remarks Monday came as the Bank of Canada signals it will gradually raise its benchmark interest rate from its current level of 1.75 per […]