“The Bank of Canada lowered its trend-setting overnight lending rate twice this year in a bid to prop up Canadian economic growth in the wake of a significant drop in oil prices. When it published its freshest economic forecast in October 2015 and subsequently announced in December that it was keeping interest rates on hold, the Bank provided important clues as to why it won’t be raising interest rates any time soon.”
Reports: Gregory Klump for Creacafe.ca
