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Canada's Central Bank Holds Overnight Lending Rate As It Eyes Slowing US Economy

Bank of Canada Expects Consumption to Moderate as Households Deal With Higher Mortgage Rates
Bank of Canada is holding interest rates as it considers the impact of a slowing economy. (Bank of Canada)
Bank of Canada is holding interest rates as it considers the impact of a slowing economy. (Bank of Canada)
CoStar News
April 12, 2023 | 10:23 P.M.

Canada's central bank held steady on its overnight lending rate, citing slowing growth in both the United States and Europe, with weakness expected in sectors that are important for Canadian exports.

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