Bank of Canada Holds Rate Steady at 0.50% as Fed Looks Set to Hike

Bank of Canada Governor Stephen Poloz at a press conference following the release of the Monetary Policy Report in Ottawa on Oct. 19, 2016. The Bank of Canada left its overnight target rate at 0.50 percent on Dec. 7, 2016. (The Canadian Press/Adrian Wyld)
Bank of Canada Governor Stephen Poloz at a press conference following the release of the Monetary Policy Report in Ottawa on Oct. 19, 2016. The Bank of Canada left its overnight target rate at 0.50 percent on Dec. 7, 2016. (The Canadian Press/Adrian Wyld)

OTTAWA—As the Canadian economy underperforms that of its neighbour to the south, the divergence in action from the two central banks begins to unfold. The Bank...

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