Mr. Little, who will join the Bank in September, is a recently retired journalist from the Globe and Mail, where he spent most of the past two decades writing about economics and public finance.
The Bank of Canada today released its July Monetary Policy Report Update, which discusses current economic and financial trends in the context of Canada's inflation-control strategy.
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 2 1/2 per cent. The operating band for the overnight rate is unchanged, and the Bank Rate remains at 2 3/4 per cent.
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