The Bank of Canada is set to make its first interest rate announcement of the year this morning.
Economists widely expect the central bank will continue holding its key interest rate steady at five per cent.
But all eyes will be on governor Tiff Macklem for any hints on when the central bank plans to pivot to rate cuts.
Subscribe to CP24 to watch more videos: https://www.youtube.com/Cp24TorontoBreakingNews
Connect with CP24:
For the latest news: https://www.cp24.com/
For the latest videos: https://www.cp24.com/video
CP24 Live and Interactive: https://www.cp24.com/now
CP24 on Twitter: https://twitter.com/CP24
CP24 on Facebook: https://www.facebook.com/CP24Toronto/
CP24 on Instagram: https://www.instagram.com/cp24breakingnews/
CP24 on TikTok: https://www.tiktok.com/@cp24breakingnews
CP24 Breakfast on Twitter: https://twitter.com/CP24Breakfast
CP24 Breakfast on Instagram: https://www.instagram.com/cp24Breakfast
---
CP24 is Toronto's #1 source for breaking news.