Bank of Canada keeps interest rates unchanged

The Bank of Canada announced on Tuesday 12 April that it was holding interest rates unchanged. The bank said data received since the last interest rate announcement indicate that the Canadian and global economies have been evolving largely as expected.

The bank is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.

There is increasing evidence that the Canadian economy is adjusting