The Bank of Canada is leaving its interest rate unchanged today at 1.5%. In the statement, the bank stated trade uncertainty originating from NAFTA negotiations continues to weigh on the outlook, but the economy is performing about as expected. Many experts still predict a rate hike in the following month. Bank of Canada governor Stephen Poloz has raised the rate four times since mid-2017, with his most-recent increase in July (see the graphic below). Click here to learn more about why the Bank of Canada made such a decision.
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