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Business

Bank of Canada maintains key lending rate at 0.75%

Published: 15 Apr 2015 - 06:00 pm | Last Updated: 15 Jan 2022 - 04:56 am

 


Ottawa--Canada's central bank maintained its key lending rate at 0.75 percent Wednesday, saying the plunge in oil prices appears to have "stalled" the Canadian economy.
Growth is expected to rebound mid-year and subsequently strengthen to 1.9 percent for 2015 -- revised downward from 2.1 percent a few months ago -- as exports pick up, it said.

AFP