Bank of Canada holds the overnight rate at 0.5%
The Bank of Canada announced that it would continue to hold its overnight interest rate at 0.5%. Economists were split down the middle regarding whether or not the Bank of Canada would hold or cut the rate that retail banks charge each other for short-term loans.

In maintaining its overnight rate at half a percent, the bank rate is correspondingly 0.75% and the deposit rate is 0.25%, the Bank of Canada said in its press release. Bank of Canada projects the Canadian economy will grow by about 1...

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