Source: The Canadian Press, April 24, 2019
OTTAWA — The Bank of Canada ditched its discussion of interest rate hikes Wednesday as it downgraded its 2019 growth forecast on a prediction the economy nearly ground to a halt at the start of the year.
The central bank kept its key interest rate unchanged, as expected, and appeared to be in no hurry to move the interest rate any time soon. Unlike its recent statements, the announcement Wednesday made no mention of a need for future increases.
Image Source: THE CANADIAN PRESS/Sean Kilpatrick