Many Bank of Canada watchers got what they expected today — no change in the bank’s overnight rate, but a warning that the bank is prepared to raise the rate at its next scheduled announcement in July. Meanwhile, the U.S. Consumer Confidence outlook for the next six months can best be described as “cautious.” The board’s director, Lynn Franco, says that the confidence levels “suggest growth…at a slow pace.”
You’ll find more details on today’s announcements below. As always, please feel free to add your comments on the day’s news by clicking on the “Comments” link above.
