Rates left unchanged by BoC

In a statement on the decision, the Bank of Canada said there is growing evidence of a rebalancing of demand.

“While consumption growth remains strong, there are signs that household spending is moving more in line with the growth in household incomes,” said the bank’s statement.

This was the fourth consecutive month holding rates steady. The next scheduled date for announcing the target overnight rate is April 12. A recent poll by Reuters showed a majority of analysts predicting May 31 as the date most likely for the next move.

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