The Bank of Canada has maintained its overnight rate at 5%. This decision comes amidst a backdrop of decelerating global economic growth, with a forecasted GDP growth of 2.9% this year, further dipping to 2.3% in 2024, but recovering slightly in 2025 at 2.6%. The Bank noted within its global growth outlook the U.S. economy … Continue reading Bank of Canada Maintains Interest Rates At 5%