OTTAWA — The Bank of Canada held its benchmark interest rate steady for the sixth consecutive time on Wednesday and said it expects the economy to rebound after a rough start to the year.
The central bank’s policy rate remains at 2.25 per cent after the hold, which was widely expected by economists.
Bank of Canada governor Tiff Macklem said in prepared remarks that the economy is still grappling with heightened uncertainty but officials at the bank are growing more confident that the economy is working its way through those headwinds.
While he signalled that the Bank of Canada’s governing council is still ready to adjust its policy rate
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