Bank Of Canada Holds Steady As Economy Shows Improvement

BoC held key interest rate at 2.25%, citing signs that the economy is gaining momentum even as inflation remains elevated. TD Bank Group's Francis Fong breaks down the decision and outlook.

The Bank of Canada held its key interest rate at 2.25%, citing signs that the Canadian economy is gaining momentum even as inflation remains elevated. Francis Fong, Managing Director and Senior Economist at TD Bank Group, breaks down the Summary - The Bank of Canada held its key interest rate at 2.25% for a fifth straight meeting. -

The Bank says economic growth is improving, with signs of a broader recovery taking hold. - Inflation remains a concern, with policymakers closely watching oil prices, geopolitical risks, and U.S. trade policy. TD Wealth is an integral part of the TD Bank Group, which has approximately 24 million customers worldwide, 85,000 employees and CDN $1 trillion in assets on April 30, 2015.

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