The Bank of Canada left its benchmark interest rate unchanged at 5.0 per cent on Wednesday, amid signs of cooling in the economy and easing in inflation. 'We don't want to cool the economy more than necessary, but we don't want Canadians to have to continue to live with an elevated inflation, either.
02:58 | 6 hours agoIsrael-Hamas conflict: ‘Oct. 7 is a day that will be forever emblazoned in our hearts,’ Canada’s UN rep saysChampagne announces additional funding for nonprofit food consumer advocacy groups02:12 | October 23, 202302:58 | 6 hours agoIsrael-Hamas conflict: ‘Oct. 7 is a day that will be forever emblazoned in our hearts,’ Canada’s UN rep says01:09 | October 23, 2023The Bank of Canada left its benchmark interest rate unchanged at 5.
"We don't want to cool the economy more than necessary, but we don't want Canadians to have to continue to live with an elevated inflation, either. And we cannot let high inflation become entrenched in the economy," Bank of Canada governor Tiff Macklem said.The Bank of Canada left its benchmark interest rate unchanged at 5.0 per cent on Wednesday, amid signs of cooling in the economy and easing in inflation.
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