The Bank of Canada decided Wednesday to hold its key interest rate steady at 4.5 per cent, but made it clear it’s still prepared to raise rates further depending on inflation. As Anne Gaviola reports, the decision to press pause on interest rate hikes contrasts with what’s expected in the U.S. – and what happens across the border could impact prices in Canada.
- Ottawa faces pressure to help struggling Canadians as inflation eases
- Bank of Canada won’t follow U.S. Fed on rates despite inflation risks: official
- Bank of Canada holds key interest rate, but what comes next? Here’s what they said