Editor Desk
Sep 7, 20161 min
The Bank of Canada picked to keep its benchmark financing cost at 0.5 for every penny on Wednesday, the same level it's been at for over a year. Referring to the economy's powerless first half — punctuated by the Fort McMurray rapidly spreading fire thumping 1.6 rate focuses off GDP — it clarifies that it supposes more grounded development lies ahead. "While Canada's economy shrank in the second quarter, the bank still activities a significant bounce back in the second 50% of this current year," the bank said.