Live: Watch Bank of Canada Press Conference
Investing.com - Bank of Canada Governor Stephen S. Poloz and Senior Deputy Governor Carolyn A. Wilkins will hold a press conference Wednesday morning following the central bank's announcement that it will maintain the overnight rate at 1.75%.
Canada's economy would shrink by about 4.5% by 2021 if a global slowdown became more pronounced because of a higher than expected degree of uncertainty, the Bank of Canada said in a scenario released on Wednesday.
The press conference starts at 11:15 a.m. ET.