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.
2 Niagara men arrested by Toronto Police
Niagara Parks Tree Planting Day - Sat. Oct. 24
Gov't Wastes Too Much Money: Candidate
Gov't Pressured to Investigate Whale Deaths
Niagara Falls Receives Payment for Casinos
Niagara Falls Man Charged with Child Porn
Toronto Man Charged with Drug Trafficking
Respecting Taxpayers, Douglas Memorial Candidate's Concerns