Bank of Canada Holds Rate

March 4, 2015

The Bank of Canada did not change the interest rate today, but held it steady at 0.75%.

However, it is anticipated that the rate will be cut one more time, probably in the summer, to compensate for the falling canadian dollar, which will result in higher prices for Canadians of imported goods.

Stay tuned!

No comments

Post Your Comment:

* indicates required fields.
Your Name: *
Please note, your email will not be shown publicly
Your Email (will not be published): *
Comment: *
Please type the text as it appears above:
Posts By Date