Bank of Canada Press Release

PRESS RELEASE - Bank of Canada keeps target for the overnight rate at 2 per cent, 5 March.

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 1/4 per cent.

Information received since the Bank's last interest rate announcement on 15 January indicates that the overall pace of economic activity in Canada and the United States has been stronger than expecte

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