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Bank of Canada keeps key interest rate at 0.5%
March 9, 2016 @ 1:50 PM by: Chris McKerrow

The Bank of Canada kept it's benchmark interest rate unchanged as expected today, as the central bank will wait and see what Ottawa plans to spend on stimulating the economy in it's forthcoming federal budget before taking any further action..

The central bank kept its benchmark target for the overnight rate steady at 0.5 per cent, saying in a statement 'the near-term outlook for the economy for the economy remains broadly the same as in January'