Bank of Canada Holds Interest Rate Amid Global Economic Uncertainty

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Bank of Canada Holds Interest Rate Amid Global Economic Uncertainty

Bank of Canada governor Stephen Poloz and senior deputy governor Carolyn Wilkins hold a press conference in Ottawa following the announcement of the bank’s target overnight rate and the publication of its quarterly report on monetary policy. The central bank is keeping its key interest rate unchanged at 1.75% as it releases a downgraded economic growth forecast in response to slowing global growth. (October 30, 2019)