Bank of Canada Holds Steady, Citing ‘Intact’ Global Recovery
Bank of Canada Holds Steady, Citing ‘Intact’ Global Recovery 1(Bloomberg) — The Bank of Canada struck an upbeat tone Wednesday, citing evidence of a stabilizing global economy and a resilient domestic backdrop that gives little indication policy makers are in a rush to lower borrowing costs. The Ottawa-based central bank held its benchmark interest rate at 1.75% for a ninth consecutive meeting, retaining …
News story posted on 2019-12-05T00:13:00.0000000Z