Bank of Canada holds key rate unchanged at 0.25%. Forecasts Canada's economy to grow 6.5% in fiscal 2021, 3.75% in 2022 compared to government's budget projection of 5.8% and 4%. Bank says growth not expected to increase pressure to boost rates due to excess capacity in economy.
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Update @CBCNews: Bank of Canada upgrades projection for economic growth but says it does not expect to have to raise interest rates anytime soon. cbc.ca/1.5995999
@CBCAlerts Food and housing have increased >30% Y/Y but lets keep the party rolling while the middle lower class struggle