When will Bank of Canada drop interest rates?

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Added 2 months ago by XaniaNews

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It's the status quo on interest rates from the Bank of Canada, as the central bank revealed on Wednesday it's holding its benchmark rate at five per cent — where it's been since last July.

International risks like the attacks in the Red Sea, as well as global conflicts that could impact oil markets, can also impact Canada's inflation.

Anne Gaviola has more on if — and when — Canadians might expect a first rate cut.

For more info, please go to https://globalnews.ca/news/10338646/bank-of-canada-interest-rate-march-2024/

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Category: News and politics
Tags: global news, bank of canada, interest rates

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