Bank of Canada Holds Interest Rate Steady at 5%
Posted on Nov 07, 2023
The Bank of Canada has decided to keep its benchmark interest rate steady at 5%
The move was widely expected by economists and investors who follow the central bank, after a slew of data points in recent months — from GDP, to jobs to inflation itself — painted a picture of an economy that was slowing down.
Eight times a year, the central bank meets...