Bank of Canada Holds Interest Rate at 1.25%

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  • 07 Mar '18 at 10:59 pm #15422
    Assistanc3
    Participant

    The Bank of Canada holds its key lending rate at…

    [article]620[/article]

    07 Mar '18 at 11:07 pm #15424
    Assistanc3
    Participant

    Loonie dippeds below 77 cents US as Bank of Canada cites trade fears in interest rate decision
    Bank’s statement cites trade policy concerns, housing slowdown in decision to leave key rate unchanged

    07 Mar '18 at 11:07 pm #15425
    Assistanc3
    Participant

    The bank’s next meeting is scheduled for April 18. Trading in investments known as overnight index swaps implies that traders think there is a 33 per cent chance of a rate hike at that meeting.

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