The Canadian Press

2015-03-04 | BoC Interest Rate

Preview Clip

The Bank of Canada is holding its key interest rate at 0.75 per cent -- for at least another month. BMO chief economist Doug Porter says the central bank's rosier tone today suggests there's now a less than 50 per cent chance the it will cut the interest rate at next month's policy meeting. (This was the bank's first rate announcement since January when governor Stephen Poloz shocked markets by lowering the rate a quarter of a percentage point from one per cent.)

Date: 2015-03-04
Placeline: TORONTO.
Source: The Canadian Press
Length: 18 seconds

Transcript Prediction: << they sounded a lot more comfortable with the with the inflation picture right now and even even with a global economic backdrop so I I I I took away the message that they're probably probably done and unless there's a serious downside surprise to the Economy Inn in the next few months >>