Canada’s economic status is not good and even worse than before, so in this time of bank interest rate discussion time, people have already believed the Bank of Canada should Not increase the key interest rate, but should be lower, or keep the same rate.
Yes, the result is Maintaining:
“The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1/2 per cent. The Bank Rate is correspondingly 3/4 per cent and the deposit rate is 1/4 per cent.”
This result made Canadian dollar stop dropping, and, might still help Canada house price increasing? who know.
Please check the details news from Bank of Canada official site.