Bank of Canada holds rate steady again

The Bank of Canada kept its benchmark interest rate steady at one per cent today, the same level it has been at for more than two years.

It marks the 19th consecutive time that Canada's central bank has opted to stand pat.

Although it didn't see fit to tinker with lending rates, the bank on Wednesday lowered its expectations for how much it thinks the economy will expand by to two per cent for 2013.

Bank of Canada governor Mark Carney Mark Carney will comment later Wednesday on the bank's decision to hold interest rates steady.

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