Bank of Canada holds key interest rate at 5%, says things moving in right direction

The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will be looking for signs that slowing inflation is sustained before moving on rate cuts.

Bank of Canada holds key interest rate at 5%, says things moving in right direction
A man walks into the Bank of Canada building.

The Bank of Canada has held its key interest rate at five per cent for the sixth consecutive time since July, saying it will be looking for signs that slowing inflation is sustained before moving on rate cuts.