The Bank of Canada has maintained its key interest rate at five per cent. High interest rates have slowed demand in the economy as consumers pull back on spending and businesses hold off on investment plans, helping lower inflation.
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Canada’s key interest rate holds at 5% | | | | | The Bank of Canada has maintained its key interest rate at five per cent. High interest rates have slowed demand in the economy as consumers pull back on spending and businesses hold off on investment plans, helping lower inflation. |
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