Mark Carney announced today the the Bank of Canada is maintaining the key interest rate at 1% (bank prime 3%). Most analysts expecting this form the Bank of Canada Governor, but what was surprising is how little Canada has to do with the global financial crisis.
He continued to reinforce that the key factors continue to be the crisis in the EU, which is now looking like its heading into a recession, and high US consumer debt.
Click here to watch the Globe and Mail video.
