NO INCREASE IN THE INTEREST RATE BY THE BANK OF CANADA TODAY!
Wednesday Mar 08th, 2023
The Bank of Canada kept its policy rate unchanged today! It's trendsetting interest rate at is at 4.5%, ending a run of eight straight rate jumps. This decision reflects the Bank’s apparent confidence that its aggressive strategy on interest rates to date , is having the desired effect, with inflation ticking steadily downwards in recent months and economic growth largely remaining flat at the end of 2022.