Global National: Why Bank of Canada is keeping its key interest rate

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The Bank of Canada is holding its benchmark interest rate at 5.0 per cent, a level not seen since April 2001. The central bank's last hike was in July. Mackenzie Gray explains why the BoC is holding steady for now, what this says about the economy and why some experts aren't banking on another hike soon.

Newly appointed Housing Minister Paul Calandra promised a transparent review of Ontario’s Greenbelt as the Ford government continues to face political backlash over the decision to open protected lands for development. Colin D’Mello reports.

The E. coli outbreak traced to a kitchen preparing food for several daycares in Calgary has now left at least 96 people ill. Twenty-two children are in the hospital. Joel Senick reports on how parents are pushing for answers and accountability as one food safety expert explains what might have happened in that kitchen.

A Massachusetts family is blaming the death of Harris Wolobah, 14, on the "One Chip Challenge," where people are dared to eat one of the world's spiciest chips. Mike Drolet looks at the warning from doctors and how the spicy snack is part of a growing trend of dangerous viral stunts.

Ukrainian President Volodymyr Zelenskyy is condemning Russia for a daytime attack on an outdoor market in the Donetsk region. At least 17 people were killed, and more than 30 others were injured. Crystal Goomansingh reports on how the attack coincided with U.S. Secretary of State Antony Blinken's visit to Kyiv.

Canada is now in a "strategic partnership" with the Association of Southeast Asian Nations (ASEAN), as Prime Minister Justin Trudeau promises to work with ASEAN to protect the environment. Touria Izri explains how the deal could also boost Canada's trade ties with the region and how Trudeau is promoting Canada as a leader in green technology.

Plus, the Canadian men's national basketball team is celebrating as it heads to the FIBA World Cup semifinals for the first time after defeating Slovenia. Eric Sorensen reports on the monumental victory, and the chances of Canada winning the tournament.

Linewise Global National
Bank of Canada
Key interest rate
Monetary policy
Economic conditions
Inflation
Economic growth
Unemployment rate
Financial stability
Policy decisions

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