The rate is reviewed twice per year and is tied to the reserves of Canada's largest banks
The Labor Department also reported Friday that prices rose 0.8% from October to November
The bank maintained its guidance that rates aren't expected to rise until sometime between April and September
Total exports grew 6.4% to a record $56.2 billion
Powell also elevated inflation-fighting as a more urgent priority than supporting job growth
The governor said the central bank can play a key role in fostering economic reconciliation
People are generally more confident about their finances, despite economic anxiety, according to IG Wealth's latest index
The Finance Department's fiscal monitor says the deficit now reflects current economic challenges caused by Covid-19
High unemployment and labour shortages help explain why the government wants to target aid
Efforts to contain inflation will constitute the stiffest test