Bank of Canada sees economy enter ‘recuperation’ phase

Bank of Canada
Photo: Shutterstock

The Bank of Canada kept interest rates unchanged at 0.25% after its monetary policy meeting today (July 15), noting a few signs of economic recovery were starting to appear in the data.

The central bank also kept the rate of government bond purchases at C$5 billion a week.

“As the economy moves from reopening to recuperation, it will continue to require extraordinary monetary policy support,” says the policy statement. “The governing council will hold the policy interest rate at the effective

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: