Bank of Canada Maintains Interest Rate
On Wednesday the Bank of Canada maintained the policy rate and continued quantitative tightening.
The Bank held its target for the overnight rate at 5 per cent, with the Bank Rate at 5.25 per cent and the deposit rate at 5 per cent.
The rate has been at five per cent since last July. In February, Statistics Canada calculated the rate of inflation at 2.8 per cent.
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