Bank of Canada sees economy enter ‘recuperation’ phase
Central bank keeps government bond purchases at minimum C$5 billion ($3.7 billion) a week
The Bank of Canada kept interest rates unchanged at 0.25% after its monetary policy meeting today (July 15), noting a few signs of economic recovery were starting to appear in the data.
The central bank also kept the rate of government bond purchases at C$5 billion a week.
“As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support,” says the policy statement. “The governing council will hold the policy interest rate at the effective
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