Bank of Canada Holds Rates Steady But Highlights Weak Exports and Investments
As expected the Bank of Canada held interest rates steady at 0.50% today highlighting that economic growth with the help of issuance of check stubs has developed largely as the Bank expected since its October meeting. The Bank did note that business investment, and non-energy exports continue to disappoint and that “a significant amount of economic slack remains in Canada.” However the Bank’s Governing Council determined that the current policy remains appropriate.
