The National·Video

Bank of Canada keeps interest rates steady, but what does that mean for you?

The Bank of Canada has announced it is holding the line on its bench-mark interest rate, a change following five previous rate hikes since the summer of 2017. Many take this as a sign of economic uncertainty, but what does this move mean for everyday Canadians? CBC's financial correspondent Peter Armstrong breaks it down.
The Bank of Canada has announced it is holding the line on its bench-mark interest rate, a change following five previous rate hikes since the summer of 2017. Many take this as a sign of economic uncertainty, but what does this move mean for everyday Canadians? CBC's financial correspondent Peter Armstrong breaks it down. 2:09