OTTAWA—The Bank of Canada is leaving its interest rate unchanged today in what could be a brief pause along its gradual path to higher rates. The central bank kept its benchmark at 1.5 per cent — but many experts are predicting it could introduce another increase as early as next month. Canada’s central bank maintained its key lending rate at 1.5 per cent on Wednesday, despite inflation pressures that it predicted are likely to dissipate. It says the housing market has begun to stabilize as households adjust to higher interest rates and new policies. Bank of Canada governor Stephen Poloz has raised the rate four times since mid-2017, with his most-recent increase in July.

Source: thestar September 05, 2018 14:26 UTC