OTTAWA – The Bank of Canada is holding its key interest rate steady for the first time in a year while reiterating its wait-and-see approach to monetary policy. The central bank said Wednesday that it has decided to hold its key rate at 4.5 per cent based on its assessment of recent economic data. “Governing council will continue to assess economic developments and … Continue reading Bank of Canada holds key rate for first time in a year, leaves door open to hikes