Canada Central Bank Holds Key Lending Rate At 1.75%
December 4, 2019
Canada’s central bank on Wednesday maintained its key lending rate at 1.75 percent, saying it is cautiously optimistic that global growth is set to rebound and recession fears are “waning.”
“There is nascent evidence that the global economy is stabilizing,” the Bank of Canada said in a statement, adding that growth was “expected to edge higher over the next couple of years.”
Financial markets, it added, have been bolstered by “waning recession concerns,” despite being “buffeted by news on the trade front.”