Bank Of Canada Keeps Rates Steady, Mentions A Rate Cut Is Still On The Table
Not much new from the Bank of Canada which kept interest rates steady at 0.50% at today’s policy meeting. The Bank revised US growth higher due to the proposed tax policies in the US but noted that uncertainty remains around these policies. Typically US stimulus would be a boost to Canadian GDP however the potential for a border adjustability tax and Trump’s position on NAFTA renegotiations would hurt Canada’s economy.
