No change on interest rates as Bank of Canada sticks to 5%

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Canada’s central bank has announced its trendsetting interest rate will remain steady at five per cent, in a move widely expected by economists.

Central bank keeps trendsetting rate steady for 4th consecutive timeAnis Heydari · CBC News · Posted: Jan 24, 2024 9:47 AM EST | Last Updated: 1 minute ago

The predictions of most economists came true on Wednesday as the Bank of Canada kept its trendsetting overnight interest rate at five per cent. (Adrian Wyld/The Canadian Press)

The Bank of Canada has announced its benchmark interest rate will remain at five per cent,

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