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URGENT ¥¥¥ Canada's central bank holds key lending rate at 1%

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(Globalpost/GlobalPost)

Canada's central bank held its key lending rate at one percent on Wednesday, citing "continued slack" in the Canadian economy and a "muted outlook" for inflation.

The Bank of Canada forecast economic growth will pick up through 2013, supported by modest consumer spending combined with more business investment and a recovery in exports.

amc/dc

http://www.globalpost.com/dispatch/news/afp/130306/urgent-canadas-central-bank-holds-key-lending-rate-at-1