Canada's key interest rate holds at 5%
- The Bank of Canada has maintained its key lending rate at 5%, waiting for sustained evidence of falling inflation before considering rate cuts.
- Both CPI and core inflation have decreased in recent months, although risks remain, according to the central bank.
- The governing council will monitor the continued downward trend in inflation before making any decisions on rate adjustments.
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Total News Sources0
Leaning Left9Leaning Right5Center8Last Updated22 days agoBias Distribution41% Left
Bias Distribution
- 41% of the sources lean Left
41% Left
L 41%
C 36%
R 23%
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