Real Estate

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Oct 25, 2023 | 8:26am
The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]