The Bank of Canada is keeping its benchmark lending rate at 0.75 per cent — in line with the expectations of the vast majority of economists...

The bank says it is concerned by a U.S. economy that is showing signs of sluggishness, but remains confident that Canada's economy will rebound some time this quarter, which would remove the need for further stimulus moves such as cutting rates.

The central bank says it's standing pat because inflation has been in line with projections and consumption has held up relatively well — even amid the net negative effects of lower oil prices.

The bank, however, plans to keep an eye on the potential economic implications for Canada if the loonie stays higher than it has been in recent months...

This has been excerpted from the 27 May 2015 article by the CBC News.