Governor Tiff Macklem was going to risk losing some credibility at this week’s Bank of Canada decision, whatever he did.
Homeowners who have opted for a variable rate mortgage over a fixed-rate one are likely cheering the Bank of Canada’s decision on Wednesday to hold steady on its key lending rate.
The Canadian dollar took a sharp turn lower against the greenback after the Bank of Canada unexpectedly announced Wednesday it’s keeping its key lending rate unchanged at 0.25 per cent.
Here’s how Canadian economists and financial analysts are reacting to the Bank of Canada's decision to leave its key policy rate at 0.25 per cent for at least a little while longer.
Canadians are able to get a fuller picture of the reasons why the Bank of Canada opted to hold its benchmark rate on Wednesday, with the release of its Monetary Policy Report (MPR).
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