Bank of Canada keeps rate unchanged in face of lower economic expectations
Dec 5, 2018 | 7:02 AM
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OTTAWA — The Bank of Canada has done as analysts expected and opted to leave its key interest rate steady at 1.75 per cent.
Economists are more interested in what Governor Stephen Poloz has to say in a speech set for tomorrow for signs of how recent events, including a drop in oil prices, are affecting his view of the path forward.
They think an unexpected dip in monthly gross domestic product numbers in September and those lower oil prices have dampened growth expectations and placed in doubt expectations for a January bank rate increase.
