Bank of Canada holds key interest rate at 5%

1 month ago 25

Business·New

The Bank of Canada has held its key interest rate at 5 per cent for the sixth consecutive time since July.

Most economists expecting a first rate cut in June

Jenna Benchetrit · CBC News

· Posted: Apr 10, 2024 9:49 AM EDT | Last Updated: 9 minutes ago

A man walks into the Bank of Canada building.

The Bank of Canada has held its key interest rate at 5 per cent for the sixth consecutive time since July.

More to come.

ABOUT THE AUTHOR

Jenna Benchetrit is a senior writer with the business content unit at CBC News. She has also covered entertainment and education stories. A Montrealer based in Toronto, Jenna holds a master's degree in journalism from Toronto Metropolitan University. You can reach her at jenna.benchetrit@cbc.ca.

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