Bank of Canada keeps rates unchanged

The Bank of Canada left interest rates unchanged at 4.25% on Tuesday 11 July and repeated a May statement that the seven prior increases are enough to return inflation to its 2 percent goal.

"The current level of the target for the overnight rate is judged at this time to be consistent with achieving the inflation target over the medium term," the central bank said in a statement from its headquarters in Ottawa.

"The global economic expansion remains robust. Growth in Canada in the first half o