Bank of Canada Holds The Overnight Policy Rate Steady at 5%
Mortgage Dale (San Hai) Yang 6 Sep
With last Friday’s publication of the anemic second-quarter GDP data, it was obvious that the Bank of Canada would refrain from raising rates at today’s meeting. Economic activity declined by 0.2% in Q2; the first quarter growth estimate decreased from 3.1% to 2.6%. Today’s press release announced, “The Canadian economy has entered a period of […]
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