Policymakers, who make a decision tomorrow, are in a trickier spot after economy's surprise contraction
The Bank of Canada is still on course to raise interest rates to 0.50 per cent towards the end of next year, according to economists polled by Reuters, despite a surprise contraction in ...View More
In a scheduled announcement on October 28,2020, the Bank of Canada maintained its overnight lending rate at 0.25%. The Bank noted economic headwinds are rising as the number of COVID-19 cases continues to rise across the country.
The Bank stated it will hold the policy interest rate at ...View More