Business Matters: Bank of Canada expected to hold interest rates this week amid economic uncertainty

Inflation is moderating and Canada’s economy managed to narrowly avoid slipping into a technical recession at the end of 2023 so the central bank is widely expected to announce a pause on Wednesday and keep its benchmark interest rate at five percent. In Business Matters for Monday March 4, Anne Gaviola explains why the Bank of Canada is likely to set the stage for rate cuts in the coming months.