Source: Erica Alini, Global News, July 10, 2019
The Bank of Canada is keeping its trend-setting interest rate steady at 1.75 per cent in a decision widely expected by economists.
The central bank said Canada’s economy appears to have performed better than predicted in the May to June period, a welcome rebound from temporary weakness at the end of 2018 and in the first three months of 2019.
Inflation remains around the bank’s two per cent target, while a healthy labour market is sustaining consumer spending.
Image Source: THE CANADIAN PRESS/Graham Hughes
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