Bank of Canada Holds Rates Steady at 0.5%

The video discusses the Bank of Canada's decision to keep interest rates unchanged, which was expected by the market. It highlights the impact of Alberta wildfires on GDP, predicting a 1% hit in the second quarter but a rebound in the third. The Bank of Canada has adjusted its growth forecasts for 2016 and 2017. The video also touches on housing market concerns in Vancouver and Toronto. Additionally, it covers the minimal impact of Brexit on Canada's economy and the positive market response to the event.

What was the expected impact of the wildfires on Canada's GDP according to the Bank of Canada?

What growth rate did the Bank of Canada project for the third quarter?

What comments did the Bank of Canada make regarding housing prices in Vancouver and Toronto?

How did the Bank of Canada respond to the economic situation following Brexit?

What factors did the Bank of Canada consider when discussing business investment in Canada?