28 May 2013

Bank of Canada is widely expected to keep its key rate unchanged tomorrow

On Wednesday the Bank of Canada(BoC)will share its view on the national economic situation in its interest-rate announcement. And although the rate statement is actually far from the full economic outlook, the BoC still uses it to provide its public position on the current economic trends and their influence on the bank’s growth forecasts. In the central bank’s April rate statement and in its latest Monetary Policy Report, it showed confidence that economic growth would increase in the second half of 2013 and that larger business investment and improving exports may be the catalyst…

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