The Bank of Canada’s recent decision to maintain its target for the overnight rate at 5% holds implications for both the domestic and global economy. This article provides insights into the Bank’s stance, the economic forecast, and its potential impact on Canadians.
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Bank of Canada Interest Rate Announcement
It’s hard to say what will happen for rates because we don’t have a crystal ball on that front. The Bank of Canada seems to be holding the prime rate steady without any reductions expected
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