Bank of Canada makes latest rate announcement

💥BREAKING NEWS!💥

Bank of Canada makes latest rate announcement
The Bank of Canada has announced in its July statement that it will hold its target for the overnight rate at the effective lower bound of 0.25%, staying the course on its projection that interest rates are likely to begin rising in the second half of 2022.

The Bank also announced a further tapering of its bond program, reducing its weekly purchases of government bonds to $2 billion – a decrease of one-third.

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