Bank of Canada keeps key interest rate target on hold

Author: External Author | | Categories: Mortgage Professional , Mortgage Services

The Bank of Canada has left its economic aid package untouched, brushing off shortfalls in growth figures so far this year and seeing a more solid foundation for a strong economic rebound in the coming months.

First-quarter growth figures for the Canadian economy came in below the central bank’s forecast, and renewed lockdowns during the third wave of the pandemic have dampened economic activity.

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Original Article Source Credits:   Advisor's Edge ,

Article Written By:  Jordan Press, The Canadian Press

Original Article Posted on:  June 9, 2021

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