Canada's central bank maintained its key lending rate at 0.25 percent on Tuesday, saying it plans to hold it at this historically low level until mid-2010 to shore up economic recovery. "The global economic recovery is under way, supported by continued improvements in financial conditions and stronger domestic demand growth in many emerging-market economies," the Bank of Canada ...

The Bank of Canada on Tuesday maintained its key lending rate at 0.25 percent, in accordance with an earlier commitment to keep the historically low level through mid-2010.

The Bank of Canada on Tuesday maintained its key lending rate at 0.25 percent, saying it expects to keep it at this lowest-ever level until mid-2010. "While significant fragilities remain, global economic developments have been slightly more positive and the global outlook has improved modestly" relative to the central bank's latest forecast in October, it said. In Canada ...

Canada struggled out of recession with modest growth in the third quarter, as a jump in consumer spending provided the first economic expansion in a year, Statistics Canada said Monday. The expansion in gross domestic product (GDP) was 0.4 percent on an annualized basis, or 0.1 percent real growth for quarter, following three quarters of economic contraction. The ...