Here comes the Bank of Canada ...
Julian Finney/Getty Images
The decision comes after a December jobs report that showed the country's unemployment rate dipped to 6.8%, matching its lowest since January 2015. But while people are finding jobs, the quality of those jobs is a bit concerning as they have tended to be of the part-time variety and pay lower wages.
However, the news hasn't all been bad for the Canadian economy. The economy grew at a 3.5% clip in the third quarter as the energy market snapped back and households opened up their wallets. That represented a solid bounce back from the contraction of 1.3% that was seen in the second quarter.
Ahead of the decision, which will cross the wires at 10 a.m. ET, the Canadian dollar is trading little changed at 1.3285 per dollar.
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance