Bank of Canada Holds Rates
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Business & Economics
Bank of Canada hearing less ‘catastrophic’ tariff talk from businesses
78% Informative
The Bank of Canada held its benchmark interest rate steady at 2.75 per cent yesterday as it gathers more data related to the tariff disruption.
Deputy governor Sharon Kozicki says the central bank is leaning more on its regular surveys of businesses and consumers.
She says monetary policymakers still value traditional data from Statistics Canada , but that information is sometimes too high-level and out of date to help make decisions.