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Global markets: BoC set to announce interest rate decision

By Commodity News Service Canada

WINNIPEG, March 1 – The following is a glance at the news moving markets globally.

– The Bank of Canada is likely to keep the country’s interest rate unchanged, analysts said on Wednesday.

The announcement is set to be released at 9:00 a.m. CST. Market watchers say the bank’s statement may indicate a more upbeat tone.

– Canada’s current account deficit (on a seasonally adjusted basis) narrowed by C$9.0 billion in the fourth quarter to C$10.7 billion as the goods balance posted its first surplus in more than two years, Statistics Canada said in a report on Wednesday.

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