Dhaka, Bangladesh (BBN)- The Bank of Canada (BoC) kept its benchmark interest rate at a record low of 0.25 percent. BoC also reiterated its plan to keep the rate unchanged through June 2010.
BoC posted that the stronger Canadian Dollar, as well as ongoing restructuring in key industrial sectors, is significantly moderating the pace of overall growth.
The growth is fueled by improved financial conditions, firmer commodity prices, and a rebound in business and consumer confidence, according to reports.
BBN/SS/SI/AD-25July09-1:45 pm (BST)