Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues program of quantitative easing | Bank of Canada

July 15, 2020 The Canadian economy is beginning to recover as it re-opens from the shutdowns expected to restrain the infection spread. With economic activity in the second quarter estimated to have been 15 percent underneath its level toward the end of 2019, this is the most profound decrease in monetary action since the Great…