Bank of Canada expected to hold its key interest rate steady this week

The Bank of Canada is expected to hold its key interest rate steady this week amid a sluggish economy.
This after the country’s inflation rate slowed to 3.8 per cent last month on the heels of two months of increases.
CIBC Executive Director of economics Andrew Grantham says that decline along with slower economic growth should convince the central bank to hold its rate steady at five per cent.   PEI’s inflation rate had slowed to 2.8 percent in September from 3.5 percent in August.