Bank of Canada keeps key interest rate target on hold

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

Bank of Canada keeps key interest rate target on hold

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 , https://www.advisor.ca/

Article Written By:  Jordan Press, The Canadian Press

Original Article Posted on:  June 9, 2021

Link to Original Article:  https://www.advisor.ca/news/economic/bank-of-canada-keeps-key-interest-rate-target-on-hold/



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