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Bank of Canada Senior Deputy Governor Carolyn Rogers, left, and Governor Tiff Macklem speak to reporters in Ottawa. (Adrian Wyld/The Canadian Press) That’s all for this live page. If you missed the proceedings, we’ll have more news and analysis about the Bank of Canada’s decision later today on CBC.ca.
The central bank will make its next interest rate announcement on July 30.
It will also release its quarterly monetary policy report that day, giving an overview of where the Canadian economy stands and the bank’s outlook going forward.
We’ll see you then.
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Rate cuts can always help small businesses, according to one of their biggest lobby groups.
However, zooming out shows that interest rates are much lower than they were two years ago, says the Canadian Federation of Independent Business.
I spoke with Andreea Bourgeois, the CFIB’s director of economics.
Bourgeois, who is based in Moncton, N.B., said that an interest rate …
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RECAP | Bank of Canada holds interest rate at 2.75% amid ‘unusual uncertainty’ [Video]
