Bank of Canada holds key rate at 5 per cent

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The Bank of Canada left its key interest rate unchanged, a widely expected move that comes amid growing evidence that rate hikes are weighing on the Canadian...

The Bank of Canada left its benchmark interest rate unchanged at 5 per cent, a widely expected decision that comes amid increasing signs that rate hikes are weighing on the Canadian economy.

Newfoundland and Labrador Premier Andrew Furey penned a letter to the Bank of Canada last month asking officials to suspend interest rate hikes. Newfoundland and Labrador Premier Andrew Furey has sent another letter to the governor of the Bank of Canada asking for a pause on an increase to interest rates, after the governor told him such a move could question the independence of his institution.Tiff Macklem wrote to Furey on Sept.

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