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Bank of Canada Maintains Pause, Cautions on Cyclical Strength

The BoC held the line in today's announcement. While it acknowledged that the economy is exhibiting cyclical strength as evidenced by strong employment gains and a bounce-back in consumer spending, it appears confident that growth is set to slow in the coming months. This slowdown, though delayed, has kept the faith that inflation will continue to decelerate, hitting 3% year-on-year this summer. ....

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Text of Bank of Canada's rate announcement statement

OTTAWA The Bank of Canada kept its key interest rate target on hold at 4.5 per cent on Wednesday. Here is the text of the central bank's rate announcement: The Bank of Canada today held its target for the overnight rate at 4. ....

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Bank of Canada holds key interest rate again at 4.5%

The Bank of Canada is keeping its key interest rate at 4.5 per cent, marking the second straight hold since rates began rising in March 2022.  ....

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