June 3, 2020 / 2:09 PM / a month ago

Bank of Canada holds rate at 0.25 percent

OTTAWA, June 3 (Reuters) - The Bank of Canada held its key overnight interest rate steady as expected on Wednesday and said that data shows the impact of the COVID-19 pandemic on the global economy appears to have peaked, though uncertainty remains.

The central b

ank held its rate at 0.25% in a decision made on the same day new governor Tiff Macklem took helm. (Reporting by Kelsey Johnson, Julie Gordon and Steve Scherer in Ottawa Editing by Chizu Nomiyama)

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