Tagged: economy

The News & What it Means – Canadian Interest Rates Hold Steady & US Midwest Dryness Increasing

 

By John DePutter and Dave Milne – March 6, 2017

 

The news: No change for Canada’s Bank Rate

Citing continued uncertainty and concern over the state of the domestic economy, last week the Bank of Canada maintained its overnight rate at 0.5%, where it has been since summer, 2015.

“While there have been recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent economic slack in Canada, in contrast to the US,” the Bank said.

     —From multi-media sources.