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Central bank says economy performing in line with expectations laid out in January
CBC News Posted: Mar 04, 2015 10:09 AM ET Last Updated: Mar 04, 2015 10:09 AM ET
The Bank of Canada kept its benchmark interest rate steady at 0.75 per cent on Wednesday, a sign the bank thinks there's no need for another move just yet after cutting the rate in January for the first time in four years.
The bank kept its target for the overnight rate steady, noting that the economy is performing in line with expectations laid out in January's monetary policy report.
The bank's rate is influential because it has an impact on consumer loans and saving rates.
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