Bank of Canada Governor, headed up by Mark Carney, kept its benchmark interest rate unchanged on Tuesday. (Frank Gunn/Canadian Press)
For the 15th consecutive policy meeting, the Bank of Canada has decided to neither raise nor lower its benchmark interest rate.
Canada's central bank kept its target for the overnight rate steady at one per cent Tuesday. The last time the bank took action was in September 2010 when it moved the rate from 0.75 to one per cent.
The central bank's rate is the one upon which retail banks base their interest rates for loans and investments.
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