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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
Term Our Rate Bank Rate
2 YEAR 2.69% 3.74%
3 YEAR 2.69% 3.89%
4 YEAR 2.69% 3.94%
5 YEAR 2.64%* 5.59%
5 YEAR variable 2.90%* %
03 Nov 2019


*Special conditions apply. Interest rates are provided for information purposes only and are subject to change without notice.

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