Bank of Canada still evaluating oil slump impact
The Bank of Canada is standing pat. The bank today said it is holding its trend-setting overnight interest rate at 0.75%--for at least one more month. In today's rate announcement, the central bank says the future of oil prices, along with the global and Canadian economies, continues to unfold in line with its projections. Today's statement says, "The Bank continues to expect that most of the negative impact from lower oil prices will appear in the first half of 2015, although it may be even...