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What unchanged Bank Of Canada policy interest rate means for producers

May 31, 2019

Video: What unchanged Bank Of Canada policy interest rate means for producers


Bank of Canada decision to keep the policy interest rate unchanged at 1.75% is consistent with its neutral stance on interest rates in recent months, but it does recognize:

- There are economic headwinds, but they may lose steam second half of 2019/2020.
- At that time, it’s possible interest rates could climb.
- This is consistent with our early January Economic Outlooks.

The bottom line? Despite the current rate stability, it’s relevant for businesses to regularly monitor interest rates and financial markets for fluctuations.