No rate increase from BoC

The Bank of Canada has maintained its key interest rate at 1.25% following today’s announcement.

“Canada’s economy is operating with “little slack,” while inflation is edging higher and is now roughly in line with the central bank’s critical 2-per-cent target, according to a statement accompanying its rate decision. Consumption growth also remains “robust,” helped by rising wages.”

The uncertain area of NAFTA along with the rise in Canadian debt levels were also noted as areas of concern.

See full article from the Globe and Mail here.

For the Bank of Canada press release, click here.