interest-rate decision, offering a glimpse into its outlook for COVID-19 recovery.The Bank of Canada said in October the country had been spared from a worst-case economic scenario, but it still didn’t see a recovery taking hold until at least 2022.Since then, case numbers have grown and severe restrictions put in place in parts of the country to curb the spread of COVID-19.Given the economic conditions, there is widespread expectation that the Bank of Canada will decide today to keep its trendsetting policy rate at 0.25 per cent.
Markets bet on Bank of Canada ‘micro rate cut’ amid tightening coronavirus restrictions Bank governor Tiff Macklem has said the key rate won’t move from near-zero until inflation is back at the bank’s.