"The central bank's economic outlook has not changed "significantly" since its projection in October, governor Tiff Macklem said in his prepared remarks. As it continues to adjust to the U.S. trade conflict, Canada's economy is expected to grow modestly and inflation is expected to stay close to the central bank's two per cent target, Macklem added. "However, uncertainty around our forecast is heightened, and the range of possible outcomes is wider than usual," he wrote. "U.S. trade policy remains unpredictable, and geopolitical risks are elevated.""
"The Bank of Canada is holding its key interest rate at 2.25 per cent for a second consecutive meeting, a move that was widely expected by analysts. Along with senior deputy governor Carolyn Rogers, Macklem is expected to hold a news conference explaining the decision at 10:30 a.m. ET. CBC News will carry it live on this page. More to come."
The Bank of Canada is holding its key interest rate at 2.25 per cent for a second consecutive meeting. The economic outlook has not changed significantly since the October projection. Canada's economy is expected to grow modestly while inflation is expected to remain close to the central bank's two per cent target. Uncertainty around the forecast is heightened and the range of possible outcomes is wider than usual. U.S. trade policy remains unpredictable and geopolitical risks are elevated, which contribute to the heightened uncertainty. A news conference explaining the decision is scheduled at 10:30 a.m. ET and will be carried live by CBC News.
Read at www.cbc.ca
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