Bank of Canada Holds Interest Rates
The Bank of Canada (BoC) held interest rates today.
"In light of slowing global economic momentum and heightened financial uncertainty, the need to withdraw monetary policy stimulus has diminished. The bank will continue to monitor carefully economic and financial developments in the Canadian and global economies, together with the evolution of risk, and set monetary policy consistent with achieving the (bank's) two per cent inflation target over the medium term."
Read more about the BoC's decision at the Vancouver Sun here.