Bank of Canada maintains interest rate

The Bank of Canada held its target for the overnight rate at 2.25 percent. The Bank Rate is at 2.5 percent and the deposit rate at 2.20 percent.

The bank stated that economies around the world continue to show resilience to US trade protectionism, but uncertainty is still high.

Canada’s economy grew by a in the third quarter, even as final domestic demand was flat. The increase in GDP largely reflected volatility in trade.

Canada’s labour market is showing some signs of improvement.

Inflation slowed in October, as gasoline prices fell and food prices rose more slowly.