Bank of Canada holds key interest rate at 0.5%

Image Courtesy of BNN
Image Courtesy of BNN

By CBC News, October 19, 2016 

Central bank to provide update on condition of Canadian economy later this morning

The Bank of Canada kept its benchmark interest rate unchanged at 0.5 per cent on Wednesday while reducing its growth outlook for the economy.

The central bank trimmed its outlook for growth this year to 1.1 per cent, from the 1.3 per cent it had forecast in July.

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