OTTAWA - The Bank of Canada is keeping its trendsetting, overnight interest rate at one per cent, where it has been since September 2010. It also made no changes to its neutral bias stance, meaning it believes the next policy move could equally be either a hike in rates or a cut.
Canadian Press NewsAlert: BoC keeps policy interest rate unchanged at 1%
More Business News
- Locals to lead rebuildFort McMurray - 4:50 pm
- Culprits carve up cop boatWest Kelowna - 4:29 pm
- Hurry hard for HeartsPenticton - 4:22 pm
- 2 charged with kidnappingCherryville - 4:04 pm
Member of the RTNDA