Bank of Canada holds interest rate at 1.75%, wary of global slowdown
  
The Bank of Canada maintained its target overnight interest rate at 1.75 per cent Wednesday, as widely expected by analysts.
Yet Governor Stephen Poloz said Canada has "not been immune" to the effects of a global economic slowdown.
In his opening statement during a meeting with members of the media, Poloz said the "worsening global situation" is the primary issue for the Canadian economy.
"Economic forecasts have been marked down further in most countries, largely as a consequence of the escalation of trade actions and uncertainty around what may be next. Heightened uncertainty about future trade policies is directly reducing business investment, and there is a risk that this will spread to households as well."
In a written statement about the decision and its latest Monetary Policy Report, the central bank said "the outlook for the global economy has weakened further" since its last report in July.
Christmas Movie Trivia - Upper Thames and Molly Blooms
We are hosting not one, but TWO trivia nights this November. One in Woodstock at Upper Thames Brewery and one in Stratford at Molly Blooms.
For the Woodstock trivia night - reach out to Catie at catie@hometowngroup.ca to register a team now [limited spaces left].
For Molly Blooms trivia night - call and reserve a table at 519-271-2778.
This month, we are doing a Christmas Movie themed trivia night - so brush up on your classics and come on out!
The ins and outs of mortgage pre-approvals and how to polish up your credit score
Murtaza Haider and Stephen Moranis of the Haider-Moranis Bulletin explain the procedure of getting a mortgage approval and why it is so important
Watch Video Here
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