The Bank of Canada “(BoC” or “the Bank”) left its benchmark overnight rate unchanged at 1.75% on January 9, providing temporary relief to Canadians who have been grappling with rising interest costs for the past 18 months (Figure 1) on near-record levels of debt. Click here to read our latest market bulletin.
MACROSCOPE: Bank of Canada on hold for now, but don’t break out the champagne just yet
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