The Canadian Press

2015-04-15 | Bank of Canada

Preview Clip

The Bank of Canada believes other sectors of the economy are going to help offset the hard-hit energy sector. So it has decided to keep its key interest rate steady at three-quarters of one per cent, even though it says plunging oil prices probably put the economy in neutral in the first quarter. Bank of Canada governor Stephen Poloz is seeing some positive signs of growth. (The central bank says its outlook for inflation, which is the key indicator behind the rate decisions, is roughly balanced.)

Date: 2015-04-15
Placeline: OTTAWA.
Source: The Canadian Press
Length: 16 seconds

Transcript Prediction: << bar on business Outlook survey indicates that capacity constraints are beginning to emerge for exporters which is promising for new investment and although we still have material slack in our labor market the market fundamentals have begun to improve >>