Bank of Canada holds key rate steady at 5 per cent

The Bank of Canada is holding its key interest rate steady at 5 per cent. This is a breaking news update. More details to come. The Bank of Canada is set to announce its interest rate decision this morning as forecasters widely anticipate the central bank will hold its key lending rate steady. Canada's inflation rate ticked up to 3.3 per cent in July year-over-year, but economists say cracks emerging in the economy will likely sway the central bank against further rate hikes.Top business headlin