Bank of Canada keeps key rate at 1/2 per cent as economy faces ‘complex and lengthy adjustment’ - GIC Wealth Management

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For Your Information Bank of Canada keeps key rate at 1/2 per cent as economy faces ‘complex and lengthy adjustment’

Bank of Canada keeps key rate at 1/2 per cent as economy faces ‘complex and lengthy adjustment’

“Despite some obvious rough patches in the economy, the Bank of Canada appears content to ride over them for the next few months and perhaps a lot longer. ‘For now, there was no need to change either rates or the message, but instead a time of stand pat and see if the world unfolds as expected in 2016.'” – Avery Shenfeld. To read full article please click on the link below:

http://business.financialpost.com/news/economy/bank-of-canada-holds-key-interest-rate-at-0-5