Bank of Canada Expected to Maintain Rates amid Decreasing Inflation and Global Financial Turmoil
|

Bank of Canada Expected to Maintain Rates amid Decreasing Inflation and Global Financial Turmoil

Analysts predict that the Bank of Canada will maintain its current interest rates on Wednesday due to cooling inflation and stress in the global banking system, despite the acceleration of growth in the first quarter. Last month, Governor Tiff Macklem announced that the Bank of Canada would pause its tightening campaign, leaving the benchmark rate…