Interest rate to stay at five percent
The Bank of Canada is keeping the key interest rate at five percent.
It says there are signs the economy is slowing down and inflation is dropping, but it's prepared to increase rates further if necessary.
Experts say there is still a concern that price growth is easing too slowly, and in recent months, the interest rate hasn't been stable.
The central bank adds inflation will likely be elevated in the short term, but it still expects to reach its two percent target in 2025.
Niagara Falls Developing Road Plan
Welland's Foyer Richelieu Grows
Welland Buys Land for Business Park
Pedestrian Hit on Drummond Road
Grimsby Shooting Suspect Arrested
Dodgers Beat Blue Jays in World Series
Niagara Region Advocates to Ontario
Urgent Care Centre Hours Shortened