30/10/2019
Bank Of Canada Holds Interest Rate, Warns Economy's Resilience To Be 'Tested'
Bank of Canada holds interest rate, warns economy's resilience to be 'tested'
CBC News ~ Octoner 30th, 2019
OTTAWA -- The Bank of Canada kept its key interest rate on hold Wednesday to position the country as an exception among advanced economies that have already started responding to a fading global economy.
Governor Stephen Poloz's team says the domestic economy has held up well in many respects and inflation has been close to target.
They warn, however, that Canada isn't immune to the negative effects of slowing global growth.
CURRENT RATES
CURRENT RATES
15 Apr 2025
| Term | Our Rate | Bank Rate |
| 2 YEAR | 4.19% | 7.35% |
| 3 YEAR | 3.79% | 7.14% |
| 4 YEAR | 4.49% | 6.99% |
| 5 YEAR | 3.89%* | 6.79% |
| 5 YEAR variable | 4.05%* | 5.20% |
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