Moishe Alexander reports: Ron Beyer says the rates may still hold
OTTAWA – The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/4 per cent. The Bank Rate is unchanged at 1/2 per cent and the deposit rate is 1/4 per cent.
Information received since the Bank’s April Monetary Policy Report (MPR) is broadly consistent with the Bank’s medium-term [...]