Bank of Canada says economic slack not yet absorbed, but 'getting closer' - NewsBreak
By Tarikul in Business
Updated 2 years ago
OTTAWA, Nov 15 (Reuters) - The Bank of Canada will not raise its benchmark interest rate until the slack in the country's economy is absorbed, which has not yet happened but is getting closer, Governor Tiff Macklem said in a newspaper opinion piece on Monday. Macklem also noted that while...