Bank of Canada holds interest rates for now, signalling hikes to come

Despite mounting pressure to curb inflation, the Bank of Canada has opted not to raise its key interest rate. Since the start of the pandemic, it’s been at 0.25 per cent. But the central bank is setting the stage for hikes that could come in March. So what does this mean for you? Nicole Stillger explains.

• Businesses need to boost productivity, investment to curb inflation: BoC governor
• Canada posted a $137M trade deficit in December, ending six months of surpluses