Bank of Canada keeps key interest rate target on hold

The central bank expects a strong economic recovery starting this summer. The Bank of Canada has left its economic aid package untouched, brushing off shortfalls in growth figures so far this year and seeing a more solid foundation for a strong economic rebound in the coming months.

Original Article Source Credits: Advisor's Edge, https://www.advisor.ca

Article Written By: Jordan Press, The Canadian Press

Original Article Posted on: June 9, 2021

Link to Original Article: https://www.advisor.ca/news/economic/bank-of-canada-keeps-key-interest-rate-target-on-hold