How Bank of Canada holding key interest rate steady at 5% impacts Canadians

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Canada’s central bank is holding its benchmark interest rate steady at five per cent for the sixth straight decision, amid signs that inflation is easing.

This policy rate informs lending on key products like Canadian mortgages.

Global’s Anne Gaviola has more on why at least one economist says a June rate cut should be in the cards, or Canada’s economy risks getting left behind.

For more info, please go to https://globalnews.ca/news/10413855/bank-of-canada-interest-rate-april-2024/

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Category: News and politics
Tags: global news, business, business matters

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