OTTAWA—The Bank of Canada held its key interest rate steady at 1.75% Wednesday as weaker global and domestic growth prospects prompted policy makers to express more caution about the pace of future rate increases. In a brief statement, the central bank said the economic outlook continues to warrant a policy rate below the neutral range, which is currently estimated around 2.5% to 3.5%. Wednesday’s...

Source: Wall Street Journal March 06, 2019 15:45 UTC