Making sense of the markets this week: April 16, 2023 - MoneySense
The Bank of Canada (BoC) holds the key interest rate at 4.5%, while emphasizing no plans to lower that rate any time soon. The interest rate pause was widely expected after February’s inflation rate came in at 5.2% and was reflective of a strong downwards trend. The BoC Governor Tiff Macklem made sure to temper good news with strong notes of caution. As part of his balancing act, BoC. Governor Macklem: “Let me assure Canadians.