Bank of Canada Is Done Hiking But Rates to Stay Elevated, Economists Say

Bank of Canada Is Done Hiking But Rates to Stay Elevated, Economists Say

The Bank of Canada will hold its key interest rate near the current level of 5% until the third quarter of 2024, economists say, with growth picking up momentum to end this year.

Economists Say Bank of Canada Is Done But Rates to Stay Elevated

(Bloomberg) — The Bank of Canada will hold its key interest rate near the current level of 5% until the third quarter of 2024, economists say, with growth picking up momentum to end this year.