Bank of Canada holds key interest rate at 5% again
The Bank of Canada has held its key interest rate at five per cent again, as economists had expected.
Tiff Macklem in political news
Interest rate cuts are coming, but the Bank of Canada won't say when
Weary Canadian households, clobbered by nearly two years of rising prices and skyrocketing interest rates, will have to wait a little longer for relief on their borrowing costs.
Bank of Canada says government efforts to curb housing crisis will help 'gradually'
The Bank of Canada says record levels of immigration are driving up the cost of housing and recent government efforts to cut the number of non-permanent residents and encourage home building will help lower housing costs, but «only gradually.»
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