Evening Update: Bank of Canada holds key interest rate steady but warns it’s ready to hike again

News Snapshot:

Good evening, let’s start with today’s top stories: Bank of Canada’s key rate unchanged at 5 per cent The Bank of Canada is holding interest rates steady in its latest policy decision, as widely expected, but warned that it is still prepared to hike again. The central bank’s tough talk about inflation comes in the face of market speculation that interest rates have peaked and cuts are coming next year. The BoC had pushed interest rates up aggressively for a year and a half to combat the biggest surge of inflation in decades. It has held rates at 5 per...