The Bank of Canada today held its benchmark interest rate steady at 2.75 per cent amid uncertainty surrounding US-China tariff talks.
The bank rate was maintained at 3 per cent and the deposit rate at 2.7 per cent.
“The economy is expected to be considerably weaker in the second quarter, with the strength in exports and inventories reversing and final domestic demand remaining subdued,” it said.
The bank rate was maintained at 3 per cent and the deposit rate at 2.7 per cent.
“The economy is expected to be considerably weaker in the second quarter, with the strength in exports and inventories reversing and final domestic demand remaining subdued,” it said.
