- Analytics
- News and Tools
- Market News
- Bank of Canada keeps its interest rate unchanged at 0.50% in December
Bank of Canada keeps its interest rate unchanged at 0.50% in December
The Bank of Canada (BoC) released its interest rate decision on Wednesday. The central bank kept its interest rate unchanged at 0.50%, noting that the current monetary policy is appropriate. This decision was expected by analysts.
The BoC said that the Canadian economy is expected to expand moderately in the fourth quarter of 2015.
According to the central bank, the Canadian economy was adjusting to a drop in Canada's terms of trade, which was driven by the recovery in the U.S. economy, a lower Canadian dollar and stimulus measures by the BoC.
"The labour market has been resilient at the national level, although with significant job losses in resource-producing regions," the BoC noted.
Risks to the country's financial stability are evolving as expected, and risks around the inflation are roughly balanced, the central bank said.
The BoC added that "vulnerabilities in the household sector continue to edge higher".
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
