Bank of Canada on hold as council remains cautious
Officials warn trade policy in the US is creating uncertainty for Canada
The Bank of Canada kept its key rate on hold at 1.25% today (March 7) as officials eyed the uncertain outcome of trade policy in the country’s southern neighbour.
“In the US, new government spending and previously announced tax cuts are anticipated to boost growth in 2018 and 2019,” the central bank said in its policy statement. “However, trade policy developments are an important and growing source of uncertainty for the global and Canadian outlooks.”
The Canadian economy grew 3% in 2017, in
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