Bank of Canada leaves its benchmark interest rate at 5.0%
Posted by: Frank Fik
Under the heading no news is good news, the Bank of Canada decided today to keep its benchmark (overnight) interest rate steady at 5.00%, putting at least a temporary hold on a policy that resulted in 10 increases stretching back to March 2022. At the Bank’s last meeting in July, it raised the rate 0.25% […]
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