BoC to announce interest rate decision this morning, expected to hold rate at 5%

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Bank Of Canada News

Canada's Inflation Rate,Interest Rate

OTTAWA — The Bank of Canada is set to announce its interest rate decision this morning. It's widely expected to maintain its key interest rate at five per...

It's widely expected to maintain its key interest rate at five per cent, but economists will be watching for any hints about the timing of upcoming rate cuts.

High interest rates have slowed demand in the economy as consumers pull back on spending and businesses hold off on investment plans, helping lower inflation.The Bank of Canada will also release its monetary policy report, which will offer its latest projections for inflation and economic growth.Trump's "Truth Social" Stock Crashes as Soon as Market Opens

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