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BoC holds key rate at 5%, inches closer to cuts

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Economy News

Bank Of Canada,Interest Rates,Inflation

The Bank of Canada has decided to keep its key interest rate at five per cent and has indicated that it is considering lowering interest rates in the future. Governor Tiff Macklem stated that recent economic data has increased the central bank's confidence in slowing inflation, but further evidence is needed to ensure a sustained decline in inflation. Economists predict the first rate cut to occur in June.

Here is a roundup of stories from The Canadian Press designed to bring you up to speed on what you need to know today...The Bank of Canada continued to hold its key interest rate at five per cent today and said it has begun to see the economic conditions necessary to lower interest rates.

The inquiry has already heard that China and other state actors attempted to interfere, but there has been little evidence so far to indicate whether they were successful. Campeau chose neither – the family has been racking up a monster bill since March 11 that remains unpaid while her mother has stayed on at a Windsor, Ont., hospital.

Greenspon says the mother is now out of the camp and wants to return to Canada to be with her children."Presumably her intention is to find her way back," he said.

 

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