ECONOMY

Bank of Canada keeps rate at rock-bottom 0.25% a year into pandemic

It’s been a year since the central bank cut the rate three times to historic low

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The Bank of Canada held its key interest rate at 0.25 per cent on Wednesday.

The rate has been at 0.25 per cent now almost exactly one year after the central bank cut three times last March at the onset of the COVID-19 pandemic, bringing it to the lowest it can go.

More to come …

With file from Canadian Press

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