The Bank of Canada has decided to keep interest rates at 0.75 per cent and said that the conditions following its surprise cut in January are in line with its expectations. The markets decided that the likelihood for a further cut in April has lessened and most major analysts are predicting that the rate will remain at 0.75 per cent for some time. The Toronto Stock Exchange had a bumpy ride today as bank and energy shares once again moved lower.
The S&P/TSX Composite Index closed down 51.01 (0.34 per cent)
The NYSE closed lower
Oil is trending lower (Brent $60.35, WTI $51.75 at 4.10pm)
Gold is trending lower
The loonie is valued at U$0.80549 (4.10pm)