The Bank Of Canada Is Being Extremely Cautious In Its Latest Policy Statement; Waiting For External Factors To Unfold
July 16, 2019 at 22:00 PM EDT
At its July 10th policy meeting, the Bank of Canada maintained its target for the overnight rate at 1 ¾%. The central bank also updated its forecast for Canada’s real GDP growth to 1.3% this year, 1.9% next year and 2% in 2021.