Bank of Canada expected to maintain 5% key interest rate, with economists predicting rate cuts due to weakening economy.
The Bank of Canada is expected to maintain its key interest rate at 5% this week, as economists predict rate cuts in the coming months due to weakening economic conditions. The central bank will likely comment on the latest GDP figures and their impact on interest rates. Despite domestic spending lowering in the fourth quarter, economists hope the Bank of Canada's expected patience will pave the way for future rate cuts.
March 03, 2024
22 Articles