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Blog by Linda M Linfoot

Bank of Canada Announcement Sept 2018

September 6th, 2018
The Bank of Canada is keeping interest rates the same—for now.

While CPI inflation is on the high side (sitting at 3%, a point above the Bank’s target of 2%), the Bank of Canada decided to maintain the target for its overnight rate at 1.5% in its September announcement. The reason? It believes the high CPI rate is temporary—brought on by a jump in the airfare component of the consumer price i ...