Exciting update from the Bank of Canada! Today, they've decided to maintain the policy rate at 5%, signalling a commitment to restoring price stability for Canadians.
Despite global economic growth slowing down, Canada's economy showed resilience, growing more than expected in Q4, albeit at a modest pace.
With employment growth trailing population growth, there are signs of easing wage pressures.
CPI inflation eased to 2.9% in January, but underlying pressures persist.
The Bank remains focused on balancing demand and supply, inflation expectations, and corporate pricing behaviour.
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