Tag Archives: Interest Rate

Bank of Canada Keeps Interest Rate Unchanged at 1.75%

The Bank of Canada on Wednesday decided to keep the benchmark interest rate steady at 1.75% while absorbing the impact of drastically lower oil prices on the economy. The bank had earlier raised its rate to 1.75 per cent in October. The bank’s rate directly affects the rates that Canadian consumers get from retail banks. When the central bank increases ...

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