The Bank of Canada on Wednesday kept its key interest rate steady but sharply raised its outlook for the economy, saying it now expects slack to be absorbed in the second half of 2022, increasing the likelihood of a hike in borrowing costs next year.
UPDATE 1-Bank of Canada signals rate hike in 2022, tapers bond purchases
2021-04-21T14:58:17-04:00April 21st, 2021|