Bank of Canada keeps rate at 2 3/4 per cent

The Bank of Canada held its main interest rate steady at a meeting on Tuesday 2 December, despite market worries over the impact of a soaring Canadian dollar and recent weaker-than-forecast economic growth.

Source: Bank of Canada

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 3/4 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 3 per cent.

Recent economic developments bearing on the prospects for econ

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