“There is nascent evidence that the global economy is stabilizing,” says the Bank.
The Bank of Canada is holding interests rates steady, amid what they call a stabilizing global economy.
In a statement, the Bank said “There is nascent evidence that the global economy is stabilizing,” and expect economic growth to increase in the global economy in the near-term.
The Canadian Dollar jumped following the move, while short-term bond yields increased as well.
The vast majority of economists had expected rates to be held steady.
Spencer Fernando
Is Bank Of Canada controled as CBC is?I beleive nothing what you hear and only half what you see.