Jean Francois Perrault pegs the likelihood of a Canadian recession at 25%
The central bank forecasts 1.6% growth this year
The no-fee account offers a 2.4% interest rate
The organization sees world economic growth accelerating over the next two years
A report suggests the Bank of Canada could be spurred into action before long
The process of returning to normal will be slow because low rates have cut yields on bank deposits
Policymakers felt that the risks of a trade war and a disruptive Brexit had diminished
The benchmark rate has been raised to zero
Economy seen as resilient enough to warrant the hold
CIBC and Bank of Nova Scotia anticipate central bank will lower rates in 2020