Bank of Canada Governor Tiff Macklem and Deputy Governor Carolyn Rogers during a news conference following the rate announcement, Wednesday, April 10.Adrian Wyld/The Canadian Press
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Bank of Canada holds key interest rate at 5%
The Bank of Canada kept its policy interest rate at 5 per cent for the sixth consecutive time and offered no timeline for rate cuts. But Governor Tiff Macklem said he was more confident that inflation is heading back to the bank’s target – which may open the door to rate cuts this summer. He also said a rate cut at the next policy meeting in June was “within the realm of possibilities.” The bank downgraded its…
