Bloomberg – The Bank of Canada stood pat on interest rates and reiterated its commitment to keep borrowing costs at current levels until excess capacity is fully absorbed. In a decision Wednesday from Ottawa, Governor Tiff Macklem reiterated a pledge to keep the central bank’s policy interest rate at 0.25% “until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved.” Policy makers removed language about providing more stimulus if needed.

More encouraging news at Bloomberg

 





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