Bank of Canada keeps rates unchanged on weaker economic outlook

Bank of Canada
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The Bank of Canada has kept interest rates unchanged due to the weaker performance of the national and global economies.

At a governing council meeting today (March 6), policy-makers chose to keep the overnight rate at 1.75%, the bank rate at 2% and the deposit rate at 1.5%.

The governing council stressed the slowdown of the global economy had become more pronounced than forecast in its last monetary policy report, in January. As a result, “the outlook continues to warrant a policy interest

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