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Bank Holds Rates as Economy Recovers | Toronto News
The Bank of Canada holds rates steady at 2.25% as the economy shows signs of rebounding after an early-year slowdown — a move most experts anticipated. While global uncertainties linger, domestic spending is picking up, fueling growth forecasts of 2.5% for the quarter. Inflation edged up in May due to energy and food costs, but the bank expects it to ease toward its 2% target by early 2027 — though rising oil prices could force a rate hike if inflation persists. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is…
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